MD HB1573

Creates a refundable Maryland state income tax credit for political contributions made to campaign finance entities, including candidates, political parties, and ballot question campaigns

Maximum credit is $50 for individual filers and $100 for married couples filing jointly, claimable once per taxable year

Credit is fully refundable, meaning taxpayers receive the excess amount as a refund if the credit exceeds their tax liability

Comptroller must submit annual reports to the Governor and General Assembly by December 1 (starting 2027) on the number of taxpayers claiming the credit and total fiscal impact

Takes effect July 1, 2026, applies to tax years 2026-2030, and automatically sunsets on June 30, 2032