MD SB295

Establishes the Income Tax Reconciliation Program allowing individuals who served 6 months to 10 years in state or federal prison to set up installment payment plans (up to 10 years) for unpaid income taxes that accrued during incarceration

Requires the Comptroller to waive all interest and penalties on unpaid income tax for program participants who are approved for installment payment plans

Applies to taxable years beginning after December 31, 2024, but before January 1, 2030, for individuals currently incarcerated or released within the preceding 2 years

Mandates courts to inform defendants sentenced to 6 months to 10 years imprisonment about the program at sentencing

Requires the Comptroller to collaborate with the Department of Public Safety and Correctional Services on a public awareness campaign and submit annual reports to the General Assembly beginning December 1, 2026