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HB 350 - Appropriates Funding for the Fiscal Year 2025-2026 State Budget - Maryland Key Vote

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Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

Signed by Governor Wes Moore


See How Your Politicians Voted

Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

Vote Smart's Synopsis:

Vote to concur with House amendments and pass a bill that appropriates funding for the fiscal year 2025-2026 state budget in Maryland.

Highlights:

  • Appropriates billions funding for the fiscal year 2025-2026 state budget in Maryland beginning July 1, 2025, through June 30, 2026 (Sec. 1).

  • Establishes the following 2 new tax brackets for top earners (Sec. 1):

    • Income between $500,000 and $1 million will be taxed at 6.25%; and

    • Income over $1 million will be taxed at 6.5%. 

  • Establishes a 6% sales tax on vending machine purchases (Sec. 1).

  • Increases taxes on cannabis and sports betting (Sec. 1).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 1). 

Full Bill Text

See How Your Politicians Voted

Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

Vote Smart's Synopsis:

Vote to concur with Senate amendments and pass a bill that appropriates funding for the fiscal year 2025-2026 state budget in Maryland.

Highlights:

  • Appropriates billions funding for the fiscal year 2025-2026 state budget in Maryland beginning July 1, 2025, through June 30, 2026 (Sec. 1).

  • Establishes the following 2 new tax brackets for top earners (Sec. 1):

    • Income between $500,000 and $1 million will be taxed at 6.25%; and

    • Income over $1 million will be taxed at 6.5%. 

  • Establishes a 6% sales tax on vending machine purchases (Sec. 1).

  • Increases taxes on cannabis and sports betting (Sec. 1).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 1). 

Full Bill Text

Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

See How Your Politicians Voted

Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

Vote Smart's Synopsis:

Vote to pass a bill that appropriates funding for the fiscal year 2025-2026 state budget in Maryland.

Highlights:

  • Appropriates billions funding for the fiscal year 2025-2026 state budget in Maryland beginning July 1, 2025, through June 30, 2026 (Sec. 1).

  • Establishes the following 2 new tax brackets for top earners (Sec. 1):

    • Income between $500,000 and $1 million will be taxed at 6.25%; and

    • Income over $1 million will be taxed at 6.5%. 

  • Establishes a 6% sales tax on vending machine purchases (Sec. 1).

  • Increases taxes on cannabis and sports betting (Sec. 1).

  • Specifies that the provisions of this bill shall take effect immediately upon passage and approval by the Governor (Sec. 1). 

Full Bill Text

Title: Appropriates Funding for the Fiscal Year 2025-2026 State Budget

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