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MD HB1080
Bill
Status
2/10/2026
Primary Sponsor
Jared Solomon
Click for details
AI Summary
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Prohibits the Governor from nominating any census tract for designation as a qualified opportunity zone under federal tax code starting July 4, 2025
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Requires Maryland residents to add back to their state taxable income any capital gains excluded under federal law from investments in qualified opportunity funds (as amended by Public Law 119-21, § 70421)
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Requires corporations to add back to Maryland taxable income any foreign-derived deduction eligible income deducted under IRC § 250
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Requires corporations to add back any interest excluded under IRC § 139L (related to loans securing certain rural property)
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Takes effect July 1, 2026, and applies to all taxable years beginning after December 31, 2025
Legislative Description
Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest
Investments
Last Action
Hearing 2/26 at 1:00 p.m.
2/10/2026