HB 801

Did not advance

Income Tax - Addition Modifications - Business Stock Gains, Fines, Penalties, and Bonus Depreciation

Sponsor: Elizabeth Embry (District 43A)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/26 at 1:00 p.m. (as of Sep 4, 2026)

What this bill does

Official synopsis

Providing an addition modification under the Maryland income tax for the gain from the sale or exchange of certain small business stock excluded from federal gross income and a certain amount of fines, penalties, and trade or business expenses; providing certain modifications to the federal adjusted gross income of an individual or federal taxable income of a corporation for Maryland income tax purposes relating to certain deductions under the federal income tax for the depreciation of certain property; etc.

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Testimony (18)

MGA witness list

FAV 15FavorableUNF 2UnfavorableINFO 1Information only

Position	Witness	Organization	Testimony
FAV	Gobel, Christianlobbyist	AFSCME Maryland Council 3	Written (PDF)
FAV	Paley, Leahlobbyist	Anne Arundel County Food Bank	Written (PDF)
FAV	Muckle, Lonialobbyist	CASH Campaign of Maryland	Written (PDF)
FAV	Trinidad, Miles	Institute on Taxation and Economic Policy	Oral + Written (PDF)
FAV	Schumitz, Kalilobbyist	Maryland Center on Economic Policy	Written (PDF)
FAV	Plante, Cecilia	Maryland Legislative Coalition	Written (PDF)
FAV	Butler, TJ	NIA	Written (PDF)
FAV	Phillips, Dana	Office of Budget and Management	Written (PDF)
FAV	Weinstein, Matthew	Progressive Maryland	Written (PDF)
FAV	Cano, Christopherlobbyist	SEIU Local 500	Oral + Written (PDF)
FAV	Delegate Embry, Delegate Embrylegislator	Individual	Oral
FAV	Friedman, David	Individual	Written (PDF)
FAV	Morgan, Caleb	Individual	Written (PDF)
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Soreng, Nancy	Individual	Written (PDF)
UNF	Griffin, Andrewlobbyist	Howard County Chamber of Commerce	Written (PDF)
UNF	Wiggins, Grasonlobbyist	Maryland Chamber of Commerce	Written (PDF)
INFO	Dudzic, Matthew	Office of the Comptroller	Written (PDF)

Organizations on record

AFSCME Maryland Council 3FAV 1

Anne Arundel County Food BankFAV 1

CASH Campaign of MarylandFAV 1

Howard County Chamber of CommerceUNF 1

Institute on Taxation and Economic PolicyFAV 1

Maryland Center on Economic PolicyFAV 1

Maryland Chamber of CommerceUNF 1

Maryland Legislative CoalitionFAV 1

NIAFAV 1

Office of Budget and ManagementFAV 1

Office of the ComptrollerINFO 1

Progressive MarylandFAV 1

SEIU Local 500FAV 1

Registered lobbyists who testified

FAVGobel, ChristianAFSCME Maryland Council 3Registered for: AFSCME Council 3

FAVPaley, LeahAnne Arundel County Food BankRegistered for: Anne Arundel County Food Bank

FAVMuckle, LoniaCASH Campaign of MarylandRegistered for: CASH Campaign of Maryland

FAVSchumitz, KaliMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy

FAVCano, ChristopherSEIU Local 500Registered for: SEIU Local 500

FAVRiley, DeniseRegistered for: American Federation of Teachers - Maryland

UNFGriffin, AndrewHoward County Chamber of CommerceRegistered for: Alliance to Prevent Legionnaire's Disease; American Subcontractors Association of Baltimore; Annapolis Maritime Museum & Park; Associated Utility Contractors of Maryland; Experience Prince George's; Howard County Chamber of Commerce…

UNFWiggins, GrasonMaryland Chamber of CommerceRegistered 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…