Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax
Sponsor: Gabriel Acevero (District 39)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/05 at 1:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Imposing a surtax on the Maryland taxable income of individuals with a net worth in excess of $1,000,000,000; providing for the calculation, administration, and enforcement of the surtax; imposing a one-time wealth tax on the amount by which the net worth of a Maryland resident exceeds a certain amount; providing for the calculation, administration, collection, and enforcement of the one-time wealth tax; etc.
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Testimony (12)
MGA witness listFAV 7FavorableUNF 5Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | White, Marcelinelobbyist | Economic Action Maryland | Written (PDF) |
| FAV | Meyer, Christopherlobbyist | Maryland Center on Economic Policy | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Cano, Christopherlobbyist | SEIU Local 500 | Written (PDF) |
| FAV | Delegate Acevero, Delegate Aceverolegislator | Individual | Oral |
| FAV | Lent, Michael | Individual | Position only |
| FAV | Mitchell, Martin | Individual | Oral |
| UNF | Griffin, Andrewlobbyist | Howard County Chamber of Commerce | Written (PDF) |
| UNF | Lang, Alan | Individual | Position only |
| UNF | Mauer, William | Individual | Position only |
| UNF | Tibbals, Trudy | Individual | Position only |
| UNF | Vetter, Drew | Individual | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVWhite, MarcelineEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland; Maryland Consumer Rights Coalition
FAVMeyer, ChristopherMaryland Center on Economic PolicyRegistered for: Maryland Center on Economic Policy
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…