Legislation - HB1080

Title: Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest
Sponsored by: Delegate Solomon
Status: In the House - Hearing 2/26 at 1:00 p.m.
Analysis

Synopsis

Prohibiting the Governor, on or after July 4, 2025, from nominating a census tract for designation as a qualified opportunity zone; providing an addition modification under the Maryland income tax for the capital gains from certain qualified opportunity funds; providing an addition modification under the Maryland corporate income tax for certain foreign-derived deduction eligible income and the amount of interest paid on loans that secure certain rural property; etc.

Committees

Original:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/10/2026 Legislative Date 2/10/2026 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/10/2026 Legislative Date 2/10/2026 Action Hearing 2/26 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/10/2026	2/10/2026	First Reading Ways and Means
House	2/10/2026	2/10/2026	Hearing 2/26 at 1:00 p.m.
			Text - First - Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest

File Code

Subjects

Statutes