HB 690 — Maryland

Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2026)

Decreasing, over 4 taxable years, the State corporate income tax rate from 8.25% to 6.25%.

Latest action: Hearing 2/19 at 1:00 p.m. · Feb 3, 2026

In committeeCorporationsIncome TaxTaxes - Income

Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.

Committees: Ways and Means (House of Delegates)

Updated Mar 17, 2026

Timeline

First Reading Ways and Means
Feb 2, 2026 · House of Delegates
Hearing 2/19 at 1:00 p.m.
Feb 3, 2026 · House of Delegates

Sponsored by Wayne Hartman, Chris Adams, Kevin Anderson, Steve Arentz, Lauren Arikan, Terry Baker, Barry Beauchamp, Jason Buckel, Brian Chisholm, Barrie Ciliberti, Robin Grammer, Mike Griffith, Kevin Hornberger, Jay Jacobs, Ric Metzgar, April Miller, Todd Morgan, LaToya Nkongolo, Jesse Pippy, Teresa Reilly, April Rose, Stuart Schmidt, Josh Stonko, Kathy Szeliga, Chris Tomlinson, William Valentine, Mangione

No recorded floor votes yet.

Fiscal and Policy Note — official analysis by legislative staff (PDF) Bill text (First reading) — Maryland General Assembly (PDF) Official record — Maryland General Assembly bill page

Official records. Maryland legislators, bills and roll-call votes from the Maryland General Assembly, imported through Open States on Oct 27, 2026 (partial import — not yet the full session). Accuracy review against the official site is still under way. Campaign-finance records for Maryland are not imported yet.