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Delegate Hartman urges phased cut in Maryland corporate income tax to boost competitiveness; opponents question timing amid budget shortfall
Summary
Delegate Wayne Hartman pressed for a multi‑year corporate income tax reduction under HB1101, arguing a lower rate would make Maryland more competitive with neighboring states and attract jobs.
Delegate Wayne Hartman presented House Bill 1101, titled the Economic Competitiveness Act of 2025, to the Ways and Means Committee on Feb. 20. Hartman described the bill as a multi‑year reduction in Maryland’s corporate tax rate, reducing it from 8.25 percent over five taxable years down toward 6.25 percent (a phased approach outlined by the sponsor).
Hartman framed his proposal as a response to Maryland’s unfavorable business rankings and to competitive pressure from neighboring states such as Virginia and Pennsylvania. He cited several business‑climate rankings (American Legislative Exchange Council, Tax Foundation)…
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