Income Tax and Sales and Use Tax - Rate Reductions and Alterations
Hearing (House)
Summary
The bill lowers Maryland’s individual income‑tax brackets and reduces the corporate tax to a flat 3%, while also cutting the general sales and use tax from 6% to 3%. It adds a 3% surcharge on most net capital gains, but exempts the first $10,000 for seniors 65 and older and several other categories. It also removes the sales tax on certain data‑technology and software publishing services.
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Ask about HB 133
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 5, 2026
History
- Hearing 2/05 at 1:00 p.m.
- First Reading Ways and Means
- Pre-filed
Sponsors
- Bouchat · sponsor
- Valentine
- Wivell
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