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Bill or law · United States

House Bill 1238: Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax (Maryland)

Lapsed

Besides an income surtax, imposes a one-time wealth tax on Maryland residents with net worth over $1 billion: 3% to $2.5 billion, 5% to $5 billion and 6% above, payable over up to five years.

Overview

Maryland House Bill 1238 of 2026 combines an income surtax with a one-time wealth tax on residents with a net worth over $1 billion: 3% up to $2.5 billion, 5% up to $5 billion and 6% above, payable over up to five years.

Delegate Gabriel Acevero and five other delegates introduced it on 11 February 2026. It was assigned to Ways and Means, which held a hearing on 5 March 2026. The bill page shows no committee vote after that, and the regular session ended on 13 April 2026, so the bill did not pass. The sponsor rows come from the bill page and were not re-compared with the official list; the hearing and floor debate were not read.

Written from the records and links on this page.

On the record 6

Statements, votes and sponsorships in the register whose source is this bill or one of its documents: 6 sponsorships.

Official documents 1

From the records tracker for United States: the bill, its debates, votes and committee reports, and whether each has been read in full.

  • Maryland HB 1238 (2026), one-time wealth tax on ultra-high net worth ↗Skimmed
    Bill · HB 1238 · 2026-02-11 · Maryland General Assembly
    What the reading found

    Found: Sponsor rows from earlier runs (bill page or bill status); not re-compared this run.

    Not read: Committee hearings, testimony and floor debate not read (video only or not published as text). Cosponsor list not re-compared this run.

People in the register 6

Sponsors and signatories who are on a register, each with the statement they rest on.