Legislation - HB0801

Title: Income Tax - Addition Modifications - Business Stock Gains, Fines, Penalties, and Bonus Depreciation
Sponsored by: Delegate Embry
Status: In the House - Hearing 2/26 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing an addition modification under the Maryland income tax for the gain from the sale or exchange of certain small business stock excluded from federal gross income and a certain amount of fines, penalties, and trade or business expenses; providing certain modifications to the federal adjusted gross income of an individual or federal taxable income of a corporation for Maryland income tax purposes relating to certain deductions under the federal income tax for the depreciation of certain property; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/04/2026 Legislative Date 2/04/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Addition Modifications - Business Stock Gains, Fines, Penalties, and Bonus Depreciation Proceedings
Chamber House Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing canceled Proceedings
Chamber House Calendar Date 2/05/2026 Legislative Date 2/05/2026 Action Hearing 2/26 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/04/2026	2/04/2026	First Reading Ways and Means
			Text - First - Income Tax - Addition Modifications - Business Stock Gains, Fines, Penalties, and Bonus Depreciation
House	2/05/2026	2/05/2026	Hearing 2/19 at 1:00 p.m.
House	2/05/2026	2/05/2026	Hearing canceled
House	2/05/2026	2/05/2026	Hearing 2/26 at 1:00 p.m.

File Code

Subjects

Statutes