Income Tax - Addition Modification for Federal Tax-Exempt Income - Study

Summary

The bill changes the state tax code so that income exempt from federal tax but not from Maryland tax is still added to Maryland adjusted gross income, except for foreign‑earned income covered by IRS §911. It also directs the Comptroller’s Office to study the modification and report its findings by Dec. 1, 2026. The changes take effect for tax years beginning after Dec. 31, 2025.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Hearings

• Ways and Means — Bill Hearing
  Ways and Means · Feb 19, 2026

History

1. Apr 10, 2026Referred Rules
2. Apr 9, 2026Third Reading Passed
3. Apr 9, 2026Second Reading Passed with Amendments
4. Apr 9, 2026Favorable with Amendments Report by Ways and Means
5. Apr 9, 2026Favorable with Amendments {
6. Feb 3, 2026Hearing 2/19 at 1:00 p.m.
7. Feb 2, 2026First Reading Ways and Means

Sponsors

• Bhandari · sponsor

Bill text

Opens the legislature’s own copy.

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