Budget & Taxes

signed · Maryland · Senate Apr 28, 2026

SB 163: Income Tax - Addition Modification for Federal Tax-Exempt Income - Study

SB 163 modifies Maryland's income tax calculation by removing a requirement to include certain foreign earned income in taxable income. It specifically exempts income that qualifies for exclusion under federal law (IRS Section 911), such as earnings from work abroad that are already excluded from federal taxes but would otherwise be added to Maryland taxable income. This change directly affects Maryland residents earning qualifying foreign income who currently face state taxation on that income. The bill amends Maryland tax code sections 10-204(a) and 10-204(c)(1)(I) and takes effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts federally tax-exempt foreign income from state tax, reducing tax burden for residents earning abroad.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 756: Baltimore City – Economic Development Project in Downtown RISE District – Payment in Lieu of Taxes

SB 756 creates a tax exemption for certain new or rehabilitated commercial or residential developments in Baltimore City's Downtown RISE District (specifically Wards 4 and 22 precincts), replacing property taxes with annual "payment in lieu of taxes" agreements. Property owners must enter a formal agreement with Baltimore City by June 30, 2036, after demonstrating the project's economic necessity through a city-approved analysis. The bill requires annual reporting on job creation, estimated tax revenue, and other economic benefits of qualifying projects. This applies only to developments including hotels, offices, retail, multifamily housing, or mixed-use facilities within the defined district.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax exemption for specific developments, directly altering tax policy to incentivize economic development in designated district.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · House of Delegates Apr 14, 2026

HB 1095: Calvert County - Property Tax Credit - Tobacco Barns

HB 1095 creates a property tax credit program for Calvert County property owners whose land was formerly used solely as a tobacco barn. To qualify, the property must either be on land under a tobacco buyout agreement or meet agricultural assessment criteria while being used for approved farming activities. The county's governing body will set the credit amount, duration, and administrative rules. This credit applies to property taxes for taxable years starting after June 30, 2026. The bill directly affects Calvert County landowners transitioning from tobacco farming to other agricultural uses.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates property tax credit reducing burden for qualifying Calvert County landowners, directly providing tax relief under Budget & Taxes.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · House of Delegates Apr 14, 2026

HB 1623: Special Taxing Districts - Village of Drummond - Authority and Organization MC 20-26

This bill reorganizes the governing structure for Drummond's special taxing district in Montgomery County. It establishes the Village Council as the official governing body, defines Drummond's boundaries (including specific subdivisions), and updates how annual tax funds are collected and spent. Property owners in Drummond will pay a $0.14 tax per $100 of real property value and $0.35 per $100 of personal property annually, with funds required to cover street maintenance, police/fire protection, sanitation, and other local services. The bill amends Montgomery County's existing Public Local Laws (Sections 65-1 through 65-13) to formalize these changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes specific tax rates for local services, allocating funds to street maintenance and public safety, aligning with fiscal responsibility and funding essential programs.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · House of Delegates Apr 14, 2026

HB 478: Income Tax - Subtraction Modification for Classroom Supplies Purchased by Teachers - Alteration

HB 478 modifies Maryland's income tax by expanding the existing $250 deduction for unreimbursed classroom supply expenses to include prekindergarten teachers. Previously, only K-12 classroom teachers qualified; this bill explicitly adds prekindergarten teachers employed full-time in state programs. The deduction remains limited to $250 per year for supplies used by students or for teaching preparation, excluding expenses already deducted federally. This change affects prekindergarten teachers statewide who purchase classroom supplies without reimbursement, effective for taxable years starting after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands income tax deduction for teachers, providing tax relief to prekindergarten educators without increasing government spending.95% confidence ✓ EducationSupports EducationExpands tax deduction for preK teachers' classroom supplies, supporting educator financial relief and expanding access to teacher expense benefits.90% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax deduction for prekindergarten teachers' classroom supplies, providing financial support for work-related expenses under employment benefits.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 43: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

SB 43 repeals a $25 fee charged to banking institutions for certificate of valid charter requests and extends the deadline for the Commissioner to match investments in the Maryland Community Investment Venture Fund from 2028 to 2030. The bill revises the Fund’s purpose to focus on developing financial products and services for low-to-moderate-income communities through investments, grants, and innovation testing. It also updates assessment credit rules for banking institutions and credit unions, alters the definition of "emergency" for banking closures, and clarifies the Fund’s status as a nonlapsing state fund. These changes directly affect Maryland banking institutions, credit unions, and residents in low-to-moderate-income areas seeking improved financial services.

Topics ✓ Budget & TaxesSupports Budget & TaxesRevises Maryland Community Investment Fund purpose to develop financial products for low-income communities through government-funded investments and grants, advancing fiscal support for underserved populations.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · House of Delegates Apr 14, 2026

HB 259: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

HB 259 revises Maryland's financial regulations by repealing certain fees charged to banking institutions and credit unions, such as the $25 fee for charter certificate requests. It updates the Maryland Community Investment Venture Fund to extend the deadline for the Commissioner to match institutional investments from 2028 to 2030 and clarifies the Fund’s purpose: to help banks and credit unions develop financial products and services for low- to moderate-income communities. The bill also redesignates the Fund as a nonlapsing special fund (not part of the General Fund) and specifies that investment returns must credit the Banking Institution and Credit Union Regulation Fund. These changes directly affect banking institutions, credit unions, and the Commissioner of Financial Regulation.

Topics ✓ Budget & TaxesSupports Budget & TaxesRepeals fees on financial institutions and extends Maryland Community Investment Venture Fund deadline to fund low-income financial products, advancing fiscal management and community investment.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 440: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

SB 440 extends the expiration date of Maryland's theatrical production tax credit from 2027 to 2032. This credit allows theater producers to claim a refundable tax credit against state income tax for qualifying production costs within the state. The bill amends existing law (Chapter 258 and 259 of the 2022 Acts) to change the sunset date from June 30, 2027, to June 30, 2032, without requiring further legislative action. It directly affects theater companies and productions that meet the credit's eligibility criteria in Maryland.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends refundable tax credit for theater producers, providing tax relief and maintaining fiscal support for arts industry without increasing state revenue impact.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 262: Income Tax - Subtraction Modification for Classroom Supplies Purchased by Teachers - Alteration

SB 262 expands Maryland's income tax deduction for teachers by adding prekindergarten teachers to the list of eligible educators who can deduct up to $250 annually for unreimbursed classroom supply expenses. The bill amends tax code sections to include prekindergarten classroom teachers employed full-time in state programs as "eligible teachers," alongside existing K-12 teachers. This deduction applies only to supplies used by students or for teaching preparation, and excludes expenses already deducted federally. The change takes effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax deduction for teachers, providing tax relief to middle-income educators via $250 annual classroom supply deduction.95% confidence ✓ EducationSupports EducationExpands tax deduction for teachers to include prekindergarten educators, providing financial relief for classroom supplies. Directly supports educators through tax benefit expansion.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax deduction for teachers' unreimbursed classroom supplies, enhancing financial support for educators as part of employment benefits.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

passed both · Maryland · Senate Apr 13, 2026

SB 961: Income Tax Credit - Venison Donation - Alterations

SB 961 modifies Maryland's tax credit for hunters donating processed deer meat. It removes the previous $300 annual limit on the credit, allowing hunters to claim the full credit for eligible expenses without the cap. The bill maintains a $75 per deer processing expense limit and requires donations to go to IRS 501(c)(3) organizations. Hunters must still comply with hunting laws, and donation programs must report donor information to the Comptroller annually. The change takes effect July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves $300 annual cap on venison donation tax credit, expanding tax relief for hunters. Directly strengthens tax credit provisions per Budget & Taxes indicators.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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