2025 Legislative Updates

Stay Informed on Our Legislative Efforts

MSATP is committed to advocating for the interests of tax professionals in Maryland. During each legislative session, we actively engage in discussions, provide testimony on key bills, and monitor policies that could impact our industry. Below, you’ll find a summary of the bills we are actively involved in, along with our stance and testimony details.

HB149 – Allowing a subtraction modification under the Maryland income tax…

Primary Sponsor: Delegate Caylin Young
Description: Allows a subtraction modification under the Maryland income tax for child support payments made by an individual that are required by a court order.
MSATP’s Position: Oppose
Hearing Date & Time: January 30, 2025, at 1:00 PM
Type of Testimony Submitted: Written

SB30 – Increasing the amount of tax-free military retirement pay…

Primary Sponsor: Senator Jack Bailey
Description: Increases the amount of military retirement income that can be subtracted from Maryland taxable income from $15,000 to $20,000.
MSATP’s Position: Oppose
Hearing Date & Time: January 15, 2025, at 10:30 AM
Type of Testimony Submitted: Written

SB33 – Taxpayer Assistance Expansion…

Primary Sponsor: Senator Karen Lewis Young
Description: Requires the Office of the Comptroller and the Department of Legislative Services to study the state’s business tax structure and combined reporting.
MSATP’s Position: Oppose
Hearing Date & Time: January 29, 2025, at 10:30 AM
Type of Testimony Submitted: Written

SB59/HB183 – Altering the definition of “resident” for tax purposes…

Primary Sponsor: Senator Jim Rosapepe / Delegate Lorig Charkoudian
Description: Changes the definition of “resident” under Maryland tax law to include individuals maintaining a place of abode in the state for more than 3 months, rather than 6 months.
MSATP’s Position: Oppose
Hearing Date & Time: January 22, 2025, at 10:30 AM (Senate) / January 30, 2025, at 1:00 PM (House)
Type of Testimony Submitted: Written

SB99/HB60 – Increasing military retirement tax exemptions…

Primary Sponsor: Senator Johnny Salling / Delegate Mike Rogers
Description: Increases the tax exemption for military retirement income from $20,000 to $40,000 over a two-year period.
MSATP’s Position: Oppose
Hearing Date & Time: January 15, 2025, at 10:30 AM (Senate) / January 23, 2025, at 1:00 PM (House)
Type of Testimony Submitted: Written

SB104 – Caregiver Tax Credit…

Primary Sponsor: Senator William Folden
Description: Allows a $3,000 tax credit for individuals who provide care for an elderly parent in their home.
MSATP’s Position: Oppose
Hearing Date & Time: January 15, 2025, at 10:30 AM
Type of Testimony Submitted: Written

HB327 – Long-Term Care Insurance Tax Credit Reform…

Primary Sponsor: Delegate Vaughn Stewart
Description: Alters eligibility for long-term care insurance tax credits, limiting it to taxpayers over 85 years old with specific income thresholds.
MSATP’s Position: Support
Hearing Date & Time: January 30, 2025, at 1:00 PM
Type of Testimony Submitted: Written

SB261 – Continuing the State Board of Public Accountancy…

Primary Sponsor: Senate Education, Energy, and the Environment Committee
Description: Extends the Maryland State Board of Public Accountancy’s authorization to operate until July 1, 2030.
MSATP’s Position: Support
Hearing Date & Time: January 23, 2025, at 1:00 PM
Type of Testimony Submitted: Written

SB51 – CPA Licensing Reciprocity…

Primary Sponsor: Senator Arthur Ellis
Description: Alters the qualifications for out-of-state CPAs to practice certified public accountancy in Maryland.
MSATP’s Position: Support
Hearing Date & Time: January 30, 2025, at 1:00 PM (Senate) / February 12, 2025, at 1:00 PM (House)
Type of Testimony Submitted: Written/In-Person

SB355 – Delaying Family and Medical Leave Contributions…

Primary Sponsor: Senator Stephen Hershey
Description: Delays the implementation of employer contributions and benefits under the Family and Medical Leave Insurance Program.
MSATP’s Position: Support
Hearing Date & Time: February 5, 2025, at 2:00 PM
Type of Testimony Submitted: Written