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Sponsor proposes accelerate corporate income tax cut to 6.25% by 2029
2490519 · March 4, 2025
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Summary
Senate Bill 836 would accelerate a staged corporate income tax reduction to 6.25% by tax year 2029; sponsor described the change as an economic-development strategy and noted the current budget context but presented the measure as a proposal for committee consideration.
Senate Bill 836, presented to the Budget and Taxation Committee, would accelerate a reduction in Maryland’s corporate income tax rate to 6.25% by tax year 2029. The sponsor described the bill as the corporate income tax rate reduction…
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