Maryland HB690 reduces the corporate income tax rate over several years, ending at 6.25% after 2029.
Maryland HB690, known as the Economic Competitiveness Act of 2026, reduces the corporate income tax rate in stages. It sets the rate at 8.25% for the 2026 tax year, 7.75% for 2027, 7.25% for 2028, 6.75% for 2029, and finally 6.25% for tax years starting after 2029. This bill aims to make Maryland more competitive for businesses by lowering the tax burden on corporate income.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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