The Maryland Comptroller has published a tax alert providing guidance regarding the state’s conformity and decoupling from certain provisions of the One Big Beautiful Bill Act. The guidance states that effective 2025, Maryland is decoupled from provisions regarding the full expensing of domestic research and experimental expenditures, modifications to the limitation on business interest deductions, and the special depreciation allowance for qualified production property. [M.d Comptroller, Tax Alert, 01/06/26]
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