HB 1080

Did not advance

Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest

Sponsor: Jared Solomon (District 18)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

Prohibiting the Governor, on or after July 4, 2025, from nominating a census tract for designation as a qualified opportunity zone; providing an addition modification under the Maryland income tax for the capital gains from certain qualified opportunity funds; providing an addition modification under the Maryland corporate income tax for certain foreign-derived deduction eligible income and the amount of interest paid on loans that secure certain rural property; etc.

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Testimony (21)

MGA witness list

FAV 16FavorableUNF 3UnfavorableINFO 2Information only

Position	Witness	Organization	Testimony
FAV	Gobel, Christianlobbyist	AFSCME Maryland Council 3	Oral + 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	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	Weinstein, Matthew	Progressive Maryland	Written (PDF)
FAV	Cano, Christopherlobbyist	SEIU Local 500	Oral + Written (PDF)
FAV	Delegate Solomon, Delegate Solomonlegislator	Individual	Oral
FAV	Friedman, David	Individual	Written (PDF)
FAV	Mazerov, Michael	Individual	Oral + Written (PDF)
FAV	Morgan, Caleb	Individual	Written (PDF)
FAV	Riley, Deniselobbyist	Individual	Written (PDF)
FAV	Solomon, Jared	Individual	Written (PDF)
FAV	Soreng, Nancy	Individual	Written (PDF)
UNF	Wiggins, Grasonlobbyist	Maryland Chamber of Commerce	Oral + Written (PDF)
UNF	Coale, Tomlobbyist	PWRJ	Oral
UNF	McEvoy, Owenlobbyist	Individual	Written (PDF)
INFO	Day, Jake	Department of Housing and Community Development	Written (PDF)
INFO	Phillips, Dana	Office of Budget and Management	Written (PDF)

Organizations on record

AFSCME Maryland Council 3FAV 1

Anne Arundel County Food BankFAV 1

CASH Campaign of MarylandFAV 1

Department of Housing and Community DevelopmentINFO 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 ManagementINFO 1

Progressive MarylandFAV 1

PWRJUNF 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

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…

UNFCoale, TomPWRJRegistered for: Advantage Capital; Authorium; Baltimore Orioles; CI Renewables; City of Annapolis; Ecphora Capital…

UNFMcEvoy, OwenRegistered for: Arctaris Impact Investors; Couloir Ventures, Inc.; Dahong Shuxing, LLC; David Strategic Development; Fairfield Marley Station LP; Ihsan Farms…