HB 690·MD·house
Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2026)
FailedFiled Feb 2, 2026
Sponsor: Hartman
Latest Action
Hearing (House)
Feb 19, 2026
Summary
The bill lowers the state corporate income tax from 8.25% to 6.25% in a step‑down schedule between 2026 and 2030. It applies to all corporations that pay tax on Maryland taxable income. The change is intended to improve Maryland’s business competitiveness.
AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.
Ask about HB 690
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 19, 2026
History
- Hearing 2/19 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Hartman · sponsor
- Adams
- Anderson
- Arentz
- Arikan
- Baker
- Beauchamp
- Buckel
- Chisholm
- Ciliberti
- Grammer
- Griffith
- Hornberger
- Jacobs
- Mangione
- Metzgar
- Miller
- Nkongolo
- Pippy
- Reilly
- Rose
- Schmidt
- Stonko
- Szeliga
- T. Morgan
And 2 more cosponsors.
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