Bill > H5264

This bill makes supplemental appropriations for fiscal year 2026, providing additional funds for various state agencies and programs, including the judiciary, administration and finance, health and human services, public safety, transportation, and education, with specific allocations for items like group insurance premiums, settlements, caseworkers, facility operations, and transportation infrastructure. It also introduces several tax law changes, such as creating a new tax on pass-through entities (like S corporations and partnerships) that exceed a certain income threshold, establishing a tax credit for farm businesses that donate food to non-profit organizations, and modifying rules around the deductibility of certain research and development expenses and other business deductions, with some of these tax provisions contingent on the outcome of a future ballot initiative concerning the state's personal income tax rate. Additionally, the bill clarifies the role of a joint hazard incident response team, adjusts certain figures related to family and medical leave contributions, and authorizes salary adjustments for specific collective bargaining agreements.

House Committee on Ways and Means (House)

https://malegislature.gov/Bills/194/H5264