Sales and Use Tax - Electricity for Agriculture Purposes - Study and Report

HB 1554 requires the Maryland Comptroller to study whether electricity used by farmers for specific agricultural activities should be exempt from sales tax. The study, due by December 15, 2026, must examine exempting electricity purchased for raising livestock, preparing soil, irrigating, planting, harvesting, or transporting crops. It mandates the Comptroller to consult with the Public Service Commission and PJM Interconnection, LLC, and include a fiscal impact estimate in the report. This bill does not change current tax law but directs a study to inform future legislative decisions.