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 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 · House of Delegates Apr 14, 2026

HB 472: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

HB 472 extends the expiration date for Maryland's theatrical production tax credit from 2027 to 2032. This credit allows theater producers to claim a reduction on their state income tax for qualifying production costs. The bill directly affects film and theater producers in Maryland who currently qualify for the credit. It modifies existing law (from 2022) to extend the credit's validity period by five additional years, ensuring the program remains active through 2032 without requiring new legislative action.

Topics ✗ Budget & TaxesOpposes Budget & TaxesExtends tax credit for theaters, reducing state tax revenue; weakens fiscal management by forgoing potential revenue without funding public services.90% confidence | Rep's Stance ✗ Voted No ✓ 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 · Maryland · House of Delegates Apr 10, 2026

HB 694: Income Tax - Addition Modification for Federal Tax-Exempt Income - Study

HB 694 modifies Maryland's income tax calculation by excluding certain foreign earned income from the state tax addition. Specifically, it removes the requirement to include income exempt from federal tax under IRS Section 911 (for overseas workers) when calculating Maryland adjusted gross income. This change directly affects Maryland residents who work abroad and qualify for the federal foreign earned income exclusion. The bill takes effect July 1, 2026, for tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExcludes federal tax-exempt foreign income from MD tax calculation, reducing tax burden for overseas workers per IRS Section 911.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

Track

signed · Maryland · Senate Apr 8, 2026

SB 282: Budget Bill (Fiscal Year 2027)

This is a procedural budget bill (SB 282) that allocates $859 million in state funds for Maryland's fiscal year 2027 (July 1, 2026-June 30, 2027). It directly funds state agencies including the judiciary (courts, public defender office, and legal services), legislative operations, and administrative offices. The total includes $771 million in general fund appropriations, $86 million in special fund appropriations, and $1.4 million in federal funds. This bill establishes the baseline funding for state operations but does not create new policies or affect citizens directly.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill allocates $859M for state agencies including judiciary and legislative operations, directly funding government spending and fiscal management per budget bill language.95% confidence ✓ Criminal JusticeSupports Criminal JusticeFunds judiciary (courts, public defender office) and legal services, core criminal justice components per bill summary.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes