Legislation - SB0859

Title: Fair Share for Maryland Act of 2025
Sponsored by: Senators Hettleman, Benson, Rosapepe, Lewis Young, and M. Washington
Status: In the Senate - First Reading Budget and Taxation
Analysis

Synopsis

Altering a certain limit on the unified credit used for determining the estate tax for decedents dying on or after a certain date; altering a certain limitation on the amount of the estate tax for decedents dying on or after a certain date; altering the definition of "qualified child" for purposes of a certain credit against the State income tax for certain dependent children; imposing a certain business transportation fee on certain taxable income of corporations and pass-through entities for certain taxable years; etc.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB1014

Introduced in a prior session as: SB0766 Session: 2024 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2025, July 1, 2026, July 1, 2027, July 1, 2028

History

Legislation History
Chamber Senate Calendar Date 2/03/2025 Legislative Date 1/28/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Fair Share for Maryland Act of 2025 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/03/2025	1/28/2025	First Reading Budget and Taxation
			Text - First - Fair Share for Maryland Act of 2025

File Code

Subjects

Statutes