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HB 1238

Maryland House of Delegates bill in Session 2026.

Status: introduced. Latest action: May 15, 2026.

Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax.

Bill ID MD-2026-HB-1238
Session 2026
Status introduced
Committee Ways and Means
House of Delegates introduced 2026-05-15
Tax / Budget / Appropriations
Summary

Imposing a surtax on the Maryland taxable income of individuals with a net worth in excess of $1,000,000,000; providing for the calculation, administration, and enforcement of the surtax; imposing a one-time wealth tax on the amount by which the net worth of a Maryland resident exceeds a certain amount; providing for the calculation, administration, collection, and enforcement of the one-time wealth tax; etc.

Sponsor
Delegate Acevero
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-02-11 Introduced Bill introduced
2026-02-11 Status introduced
2026-05-15 Latest Action In the House - Hearing 3/05 at 1:00 p.m.
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