Maryland House Bill 1238: Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax

Maryland · 2026 Regular Session

What it does

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.

Latest action

Hearing 3/05 at 1:00 p.m. (2026-02-12)

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