State Property Tax - Transportation Funding (Transportation Funding Act of 2025)

HB 641 requires Maryland's Governor, after consulting with the Transportation Secretary, to annually propose a state property tax rate for transportation funding. The Board of Public Works must approve, reject, or modify this proposal by February 15 each year. The tax would apply to property owners statewide, with rates potentially varying by county, property class, or geographic area around transportation projects, while limiting total revenue to not exceed current state tax rates and ensuring no single county pays more than 25% of the new revenue. This establishes a structured annual process to generate dedicated transportation funding through property taxes.