HB 690·MD·house
Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2026)
In CommitteeFiled Feb 2, 2026
Sponsor: Hartman
Latest Action
In the House - Hearing 2/19 at 1:00 p.m.
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.
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