Income Tax - Addition Modifications - Business Stock Gains, Fines, Penalties, and Bonus Depreciation
Hearing (House)
Summary
The bill requires Maryland to treat several items that are excluded from federal taxable income as taxable for state purposes. It affects individuals and corporations by adding back gains from qualified small‑business stock, fines and penalties over $50,000, and certain depreciation and expense deductions. The change aims to align state tax calculations with federal rules while recapturing revenue lost through those exclusions.
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Ask about HB 801
3 free questions a day, no accountHearings
- Ways and Means — Bill HearingWays and Means · Feb 26, 2026
History
- Hearing canceled
- Hearing 2/26 at 1:00 p.m.
- Hearing 2/19 at 1:00 p.m.
- First Reading Ways and Means
Sponsors
- Embry · sponsor
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