Maryland legislation · 2026 Regular Session
Maryland HB694: Income Tax - Addition Modification for Federal Tax-Exempt Income - Study
Status: In committee, April 10, 2026
Requiring the Office of the Comptroller, by December 1, 2026, to study and report to the Governor and the General Assembly regarding certain matters related to an addition modification under the Maryland income tax for certain income exempt from federal tax by federal law or treaty but not State tax.
What the bill says
An act concerning Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations Study FOR the purpose of providing that requiring the Office of the Comptroller, on or before a certain date, to study and report to the Governor and the General Assembly regarding certain matters related to 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…
From the engrossed text, April 9, 2026:
AN ACT concerning Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations Study FOR the purpose of providing that requiring the Office of the Comptroller, on or before a certain date, to study and report to the Governor and the General Assembly regarding certain matters related to 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 generally relating to the calculation of Maryland adjusted gross income and a study on the taxation of federal tax-exempt income. BY repealing and reenacting, without amendments, Article - Tax - General Section 10-204(a) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - Tax - General Section 10-204(c)(1) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows:, on or before December 1, 2026, the Office of EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW. [Brackets] indicate matter deleted from existing law. Underlining indicates amendments to bill. Strike out indicates matter stricken from the bill by amendment or deleted from the law by amendment. *hb0694* HOUSE BILL the Comptroller shall study …
Sponsors
- Harry Bhandari (D, 8) · primary sponsor
Latest actions
- : Referred Rules
- : Third Reading Passed (134-0)
- : Second Reading Passed with Amendments
- : Favorable with Amendments {973922/1 Adopted
- : Favorable with Amendments Report by Ways and Means
- : Hearing 2/19 at 1:00 p.m.
- : First Reading Ways and Means
Votes
- Third Reading Passed (134-0) (April 9, 2026): 134 yea, 0 nay, passed
Common questions
- What is HB694?
- HB694 is a bill in the Maryland Legislature (2026 Regular Session): Income Tax - Addition Modification for Federal Tax-Exempt Income - Study.
- What does HB694 do?
- In its own words: An act concerning Income Tax - Addition Modification for Federal Tax-Exempt Income - Alterations Study FOR the purpose of providing that requiring the Office of the Comptroller, on or before a certain date, to study and report to the Governor and the General Assembly regarding certain matters related to 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…
- What is the status of HB694?
- In committee as of April 10, 2026. Latest action: Referred Rules (April 10, 2026).
- Who sponsored HB694?
- Harry Bhandari (D, 8).
- Where is the official record for HB694?
- On the Maryland Legislature website: https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb0694?ys=2026RS
Source: official Maryland record. Tracked by Delilah, AI for legislation across all 50 states and Congress.