SB 403 exempts sales tax on in-person book fairs held at Maryland elementary and secondary schools. It applies to sales by schools, parent-teacher organizations (PTOs), or other nonprofit groups operating these events on school premises. The exemption covers sales where students, staff, or PTO members act as agents for vendors, with all net proceeds used solely for the school's educational benefit. This bill adds a new tax exemption provision (Section 11-204(b)(9)) to Maryland’s tax code, effective July 1, 2026.
HB 133 reduces Maryland's individual and corporate income tax rates, with key changes to capital gains taxation. It exempts the first $10,000 of net capital gains from tax for residents aged 65 or older and removes income tax on capital gains from primary home sales (under $1.5 million), retirement accounts, and certain agricultural or conservation land. The bill also repeals the sales tax on data, information technology services, and software publishing. These changes directly affect Maryland residents and businesses subject to state income and sales tax.
SB 405 changes how Maryland distributes sales tax revenue by requiring the Comptroller to pay one-third of sales tax collected from retail sales within Baltimore City directly to the City of Baltimore. This bill specifically affects Baltimore City by increasing its share of local sales tax revenue, which it will receive instead of the funds previously allocated to other state or county accounts. The key mechanism is a permanent reallocation of this specific revenue stream, effective July 1, 2026, with no other changes to tax rates or collection methods. This policy adjustment ensures Baltimore City receives a dedicated portion of tax revenue generated within its boundaries.
SB 118 imposes a new excise tax on gross receipts from firearm, accessory, and ammunition sales by federally licensed dealers in Maryland. The tax revenue will fund specific community safety programs: 26% to violence prevention initiatives, 26% to trauma centers, 20% to community safety partnerships, and smaller portions to survivor support and trauma physician services. The bill rewrites multiple sections of Maryland law to create this tax, establish revenue distribution rules, and define key terms like "firearm" and "ammunition." It explicitly states the funding is intended to supplement, not replace, existing state funding for these programs.
HB 197 creates a new excise tax on firearms, accessories, and ammunition sales by dealers in Maryland. The tax applies to all retail sales within the state, with revenue distributed to five specific community safety programs: 26% to violence prevention, 26% to trauma care, 20% to community support, 20% to survivor services, and 8% to the University of Maryland Medical System. The bill directs funds to supplement existing programs rather than replace them. This tax targets firearms dealers as the direct taxpayers, with revenue funding state-level safety initiatives.
