Corporate Income Tax - Rate Reduction (Economic Competitiveness Act of 2025)
Sponsor: Wayne A. Hartman (District 38C)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/20 at 1:00 p.m. (as of Dec 1, 2025)
What this bill does
Official synopsis
Decreasing, over 5 taxable years, the State corporate income tax rate from 8.25% to 6.25%.
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Testimony (0)
MGA witness listFAV 8FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Price, Sarahlobbyist | Maryland Retailers Alliance | Written (PDF) |
| FAV | Levine, Brianlobbyist | Montgomery County Chamber of Commerce | Written (PDF) |
| FAV | Chambers, william | Salisbury Area Chamber of Commerce | Written (PDF) |
| FAV | RASMUSSEN, DENNISlobbyist | The Rasmussen Group LLC | Written (PDF) |
| FAV | Delegate Hartman, Delegate Hartmanlegislator | Individual | Oral |
| FAV | O'Halloran, Mike | Individual | Written (PDF) |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| FAV | Wiggins, Grasonlobbyist | Individual | Written (PDF) |
| UNF | Smalls, Cindylobbyist | AFSCME | Written (PDF) |
| INFO | Phillips, Dana | Department of Budget and Management | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVPrice, SarahMaryland Retailers AllianceRegistered for: Maryland Retailers Alliance; Maryland Retailers Association
FAVLevine, BrianMontgomery County Chamber of CommerceRegistered for: Montgomery County Chamber of Commerce
FAVRASMUSSEN, DENNISThe Rasmussen Group LLCRegistered for: Baltimore Children's Museum, Inc. dba Port Discovery Children's Museum; Chesapeake Renewable Energy, LLC; Chesapeake Ventures Development, LLC; Greater Ocean City Maryland Chamber of Commerce, Inc.; HarborRock Holdings, LLC; Maryland Mortgage Bankers & Brokers Association (MMBBA)…
FAVWiggins, GrasonRegistered for: Maryland Chamber of Commerce; United Way of Central Maryland, Inc.; Madison Marquette Property Investments LLC; Maryland Automobile Insurance Fund; Family Tree, The; OVG Facilities…