Maryland Income Tax - Decoupling From Amendments to the Internal Revenue Code - Depreciation and Business Interest Expenses

Summary

The bill changes Maryland’s income‑tax calculations so they no longer follow several new federal rules on depreciation, §179 expensing, business‑interest limits, and certain vehicle deductions. It adds or subtracts amounts from a taxpayer’s federal adjusted gross income or corporate taxable income to reflect Maryland’s own treatment. The goal is to keep Maryland tax revenue stable despite recent federal tax reforms.

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

Hearings

• Ways and Means — Bill Hearing
  Ways and Means · Feb 26, 2026

History

1. Feb 5, 2026Hearing canceled
2. Feb 5, 2026Hearing 2/26 at 1:00 p.m.
3. Feb 5, 2026Hearing 2/19 at 1:00 p.m.
4. Feb 4, 2026First Reading Ways and Means

Sponsors

• Palakovich Carr · sponsor

Bill text

Opens the legislature’s own copy.

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Topics

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