The Maryland Office of the Comptroller published a tax alert on the impacts of the One Big Beautiful Bill Act and its tax provisions. Based on the revenue impact, Maryland has automatically decoupled from the following three tax provisions:

1. Full expensing of domestic research and experimental expenditures;
2. Modification of limitation on business interest; and
3. Special depreciation allowance for qualified production property.

For more information, please visit the Comptroller’s tax updates webpage.