# Maryland HB 1238: Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax

Maryland HB 1238, Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax, is a 2026 Regular Session House bill sponsored by Gabriel Acevero (Democratic); status failed, last action 2026-02-12 (Hearing 3/05 at 1:00 p.m.) (as of 2026-10-12).

- Canonical: https://policyrisk.com/state-bill/MD-HB1238-2026RS
- As of: 2026-10-12
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: Maryland HB 1238
- State: Maryland
- Session: 2026 Regular Session
- Title: Taxation - Ultra-High-Net-Worth Individual Surtax and Wealth Tax
- Status: failed
- Chamber: House
- Introduced: 2026-02-11
- Last action: 2026-02-12, Hearing 3/05 at 1:00 p.m.
- Sponsor: Gabriel Acevero (Democratic)
- Cosponsors: 5
- Subjects: Taxes - Income, Taxes - Miscellaneous, Budget and Management, Department of, Budgets -see also- Capital Budgets, Climate Resiliency, Commerce and Business -see also- ElectrComm; ForeignTr; etc., Community Facilities and Services, Comptroller, Disclosure, Education -see also- ContEd; DrvEd; HigherEd; etc., Electronic Government, Environmental Matters -see also- Conserv; Nat Resrce; Pollut, Estates and Trusts -see also- Beneficiaries, Federal Aid -see also- CARES Act, Grants, Health Occupations -see also- (specific health occupations), Housing -see also- Apartments; Condos; Mobile & Manuf Homes, Income Tax, Installment Payments, Interest, Investments -see also- Securities, Mental and Behavioral Health -see also- Aut; Cogn; Dev; etc., Personal Property, Public Information, Real Property, Residency -see also- Immigrants and Citizenship, Revenue and Taxes -see also- (specific tax), Rules and Regulations, Securities, Small Business, Sunset, Tax Returns, Time, Work, Labor, and Employment -see also- JobTrn; Leave; etc.
- Touches household money: no
- Economic provisions PRIA read: 0

## Summary

No summary available.

## Bill overview

No economic impacts identified for this bill.

## Sponsors and cosponsors

- Sponsor: Gabriel Acevero (Democratic), House
- Cosponsor: Marlon Amprey (Democratic), House
- Cosponsor: Ashanti Martinez (Democratic), House
- Cosponsor: Kent Roberson (Democratic), House
- Cosponsor: Jamila J. Woods (Democratic), House
- Cosponsor: Caylin Young (Democratic), House

## Actions (2)

- 2026-02-12: Hearing 3/05 at 1:00 p.m. (House)
- 2026-02-11: First Reading Ways and Means (House)

## Bill text

- First Reading, 2026-02-11: [PDF](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1238f.pdf)

## Related bills

- SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - Authorization (became law)
- SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishment (became law)
- SB 0244: Code Revision - Health - Maryland Medical Assistance Program (became law)
- SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-1 Specialists Act) (became law)
- SB 0016: Child Support - Earnings Withholdings Limits (became law)
- HB 0529: Code Revision - Health - Maryland Medical Assistance Program (became law)

## Sources
- [First Reading (PDF)](https://mgaleg.maryland.gov/2026RS/bills/hb/hb1238f.pdf)

## Related
- [SB 0496: Maryland Medical Assistance Program - Coverage for the Treatment of Obesity - A…](https://policyrisk.com/state-bill/MD-SB0496-2026RS)
- [SB 0366: Motor Vehicles - Intelligent Speed Assistance System Pilot Program - Establishm…](https://policyrisk.com/state-bill/MD-SB0366-2026RS)
- [SB 0244: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-SB0244-2026RS)
- [SB 0148: Income Tax - Credit for 9-1-1 Specialist Retirement Income (Supporting Our 9-1-…](https://policyrisk.com/state-bill/MD-SB0148-2026RS)
- [SB 0016: Child Support - Earnings Withholdings Limits](https://policyrisk.com/state-bill/MD-SB0016-2026RS)
- [HB 0529: Code Revision - Health - Maryland Medical Assistance Program](https://policyrisk.com/state-bill/MD-HB0529-2026RS)
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Source: PRIA, https://policyrisk.com/state-bill/MD-HB1238-2026RS (as of 2026-10-12).