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SB 291

Maryland Senate bill in Session 2026.

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

Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation.

Bill ID MD-2026-SB-291
Session 2026
Status introduced
Committee Budget and Taxation
Senate introduced 2026-05-15
Tax / Budget / Appropriations
Summary

Allowing a credit against the State income tax for certain income taxes and penalties attributable to an early withdrawal of retirement funds due to financial exploitation; and applying the Act to all taxable years beginning after December 31, 2025.

Sponsor
Senator Bailey
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-21 Introduced Bill introduced
2026-01-21 Status introduced
2026-05-15 Latest Action In the Senate - Hearing 2/03 at 2:00 p.m.
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