The Maryland Governor signed a law that enacts the Budget Reconciliation and Financing Act of 2026, which adjusts funding levels for numerous state programs and modifies budget requirements across multiple fiscal years. The law includes providing certain modifications to federal adjusted gross income (AGI) of an individual, or federal taxable income of a corporation, for Maryland income tax purposes, relating to certain federal depreciation deductions. [H.B. 392, enacted 04/08/26]
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