Maryland House Bill 133: Income Tax and Sales and Use Tax - Rate Reductions and Alterations

Maryland · 2026 Regular Session

What it does

Altering the State individual and corporate income tax rates; increasing, from 2% to 3%, the income tax rate imposed on the net capital gains attributable to certain sources of income; exempting from the income tax on net capital gains the first $10,000 in net capital gains of an individual who is at least 65 years old; reducing, from 6% to 3%, the sales and use tax rate; reducing, from 9% to 3%, the sales and use tax rate on alcohol and cannabis sales; repealing the sales and use tax on the sale of certain technology services; etc.

Latest action

Hearing 2/05 at 1:00 p.m. (2026-01-16)

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