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MD HB1035

Bill

Official Source

Status

Introduced

2/9/2026

Primary Sponsor

Mark Fisher

Click for details

Origin

House of Delegates

2026 Regular Session

AI Summary

  • Creates a Maryland state income tax subtraction for qualified overtime compensation, allowing residents to deduct overtime pay from their state taxable income
  • Defines "qualified overtime compensation" by reference to § 225 of the Internal Revenue Code, linking the state deduction to federal standards
  • Takes effect July 1, 2026, and applies to tax years beginning after December 31, 2025, but before January 1, 2029
  • Includes a 3-year sunset provision, automatically expiring on June 30, 2029, without requiring further legislative action
  • Sponsored by Delegates Fisher, Arikan, Chisholm, Grammer, M. Morgan, Nawrocki, and Szeliga; assigned to the Ways and Means Committee

Legislative Description

Income Tax - Subtraction Modification - Overtime Compensation

Exemptions

Last Action

Hearing 2/26 at 1:00 p.m.

2/10/2026

Committee Referrals

Ways and Means2/9/2026

Full Bill Text

No bill text available