Maryland HB1378 prohibits certain entities from engaging in election or ballot issue activities and mandates regulations for violations.

Maryland HB1378, known as the Maryland Corporate Power Reset Act, aims to prohibit domestic or foreign entities formed in Maryland from participating in election or ballot issue activities. The bill mandates the State Department of Assessments and Taxation to adopt regulations for determining violations, forfeiture and reinstatement of charter privileges, disgorgement, due process, and coordination with the Office of the Attorney General.

Maryland HB1378 prohibits certain entities from engaging in election or ballot issue activities and mandates regulations for violations.

Maryland HB1378, known as the Maryland Corporate Power Reset Act, aims to prohibit domestic or foreign entities formed in Maryland from participating in election or ballot issue activities. The bill mandates the State Department of Assessments and Taxation to adopt regulations for determining violations, forfeiture and reinstatement of charter privileges, disgorgement, due process, and coordination with the Office of the Attorney General.