Legislation - HB1271

Title: Reparations - Board, Fund, and Excise Tax on Endowments - Establishment
Sponsored by: Delegates Ruff, Acevero, Conaway, Martinez, McCaskill, and Young
Status: In the House - First Reading Government, Labor, and Elections and Ways and Means
Analysis

Synopsis

Establishing the Reparations Board to make certain examinations regarding reparations payments and make recommendations to the Governor and the General Assembly to provide grants to persons impacted by historic inequality; imposing an excise tax on nonpublic institutions that have an endowment of at least $2,000,000,000; requiring the revenue from the endowment excise tax to be deposited into the Maryland Reparations Fund to provide grants to persons impacted by historic inequality; etc.

Committees

Original:: Government, Labor, and Elections; Ways and Means

Details

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action First Reading Government, Labor, and Elections and Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2026	2/12/2026	First Reading Government, Labor, and Elections and Ways and Means

File Code

Subjects

Statutes