Legislation - HB0694

Title: Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations
Sponsored by: Delegate Bhandari
Status: In the House - Hearing 2/19 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing that an addition modification under the Maryland income tax for certain income exempt from federal tax by federal law or treaty but not State tax does not apply to certain foreign earned income; and applying the Act to taxable years beginning after December 31, 2025.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0163

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/02/2026 Legislative Date 2/02/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations Proceedings
Chamber House Calendar Date 2/03/2026 Legislative Date 2/03/2026 Action Hearing 2/19 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/02/2026	2/02/2026	First Reading Ways and Means
			Text - First - Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations
House	2/03/2026	2/03/2026	Hearing 2/19 at 1:00 p.m.

File Code

Subjects

Statutes