Budget & Taxes

in committee · Maryland · Senate Feb 13, 2026

SB 690: Property and Casualty Insurance - Distribution of Premium Tax Proceeds to State Disaster Recovery Fund

SB 690 requires Maryland property and casualty insurance companies to contribute $5 million annually, starting July 1, 2026, from their premium tax revenue to the State Disaster Recovery Fund. This fund, established under Maryland law, supports disaster recovery efforts across the state. The bill amends Maryland's insurance code to mandate this specific annual distribution, directly affecting insurers by altering how a portion of their tax payments is allocated. It creates a concrete, automatic transfer of funds without new tax rates or eligibility requirements.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects $5M annual premium tax revenue to disaster recovery fund, directly funding state emergency services without increasing taxes.95% confidence

Sub-Topics Revenue

Track

in committee · Maryland · Senate Feb 5, 2026

SB 603: Mattress Stewardship Program - Establishment

SB 603 establishes a mandatory mattress recycling program in Maryland, requiring mattress producers and their representatives to submit stewardship plans to the Department of the Environment. The bill prohibits landfill disposal and incineration of mattresses after specific dates (with limited exceptions) and mandates an assessment on all mattresses sold in the state to fund recycling. Retailers must provide consumers with information about the program, while the Department must approve plans and oversee the Mattress Stewardship Advisory Board. This aims to divert mattresses from waste streams, aligning with Maryland’s sustainable materials management goals and modeled after successful programs in other states.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill imposes mandatory mattress assessment to fund recycling program, creating new tax revenue stream for state environmental management.90% confidence ✓ EnvironmentSupports EnvironmentMandates mattress recycling, prohibits landfill/incineration, funds program to reduce waste and pollution per environmental protection goals.95% confidence

Sub-Topics Recycling Waste Management

Track

in committee · Maryland · Senate Feb 9, 2026

SB 602: Algorithmic Addiction Fund - Establishment

SB 602 establishes the Algorithmic Addiction Fund in Maryland to use settlement funds from cases where social media algorithms harmed children. The fund, administered by the Maryland Department of Health, is financed by civil penalties from settlements related to social media harm and earns interest. It directly supports children by funding prevention programs (like school digital literacy campaigns), treatment services for mental health impacts (such as depression and anxiety), research, and evidence-based interventions. The fund is non-lapsing, meaning unused money rolls over annually, and all spending must align with the state budget.

Topics ✓ Budget & TaxesSupports Budget & TaxesUses settlement funds (not new taxes) to directly fund children's programs like mental health services and digital literacy, advancing public service funding under fiscal management.95% confidence ✓ EducationSupports EducationFunds school digital literacy campaigns and mental health services for students, directly supporting K-12 educational programs and student well-being.95% confidence ✓ HealthcareSupports HealthcareFunds mental health treatment services (depression/anxiety) and prevention programs under Maryland Department of Health, directly supporting mental health services within healthcare.95% confidence ✓ TechnologySupports TechnologyRegulates social media algorithms for child safety, using settlements to fund harm mitigation programs per bill's focus on algorithmic harm cases.95% confidence

Sub-Topics State Budget Mental Health Substance Abuse Social Media

Track

in committee · Maryland · House of Delegates Feb 12, 2026

HB 1308: Homeowners' Property Tax Credit - Eligibility and Calculation - Alterations

HB 1308 modifies Maryland's homeowners' property tax credit program by raising eligibility thresholds. It increases the assessed value cap for qualifying homes from $300,000 to $480,000, raises the income threshold for the first tax credit bracket from $8,000 to $12,500, and raises the combined gross income limit from $60,000 to $95,000. The bill also raises the net worth limit for eligibility from $200,000 to $320,000. These changes will directly affect more middle-income homeowners who previously exceeded the lower limits, expanding access to the credit starting June 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit eligibility for middle-income homeowners by raising income/value thresholds, providing tax relief per indicators.95% confidence ✓ HousingSupports HousingRaises income/value thresholds for homeowners' tax credit, expanding eligibility to more middle-income homeowners and reducing property tax burden, advancing housing affordability.85% confidence

Sub-Topics Property Tax Tax Credits Property Taxes

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passed · Maryland · Senate Mar 23, 2026

SB 520: Property Tax - Charter Counties - Application of County Tax Limitation on Public Safety Budget

SB 520 allows charter counties in Maryland to set property tax rates above their charter limits - via simple majority vote - to fund public safety budgets (like police and fire services). It requires that any excess tax revenue collected beyond the charter limit must be allocated solely to public safety, not other county programs. The bill applies only to charter counties (e.g., Baltimore County) and mandates annual reporting to the Governor and legislature on tax rates and revenue usage. This changes existing tax rules by creating a specific exemption for public safety funding while maintaining other budget constraints.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables increased property tax revenue allocation specifically for public safety budgets, advancing funding for essential services under fiscal management.95% confidence ✓ Criminal JusticeSupports Criminal JusticeDirectly funds public safety (police/fire) via property tax increases with dedicated allocation, advancing law enforcement resources under criminal justice.90% confidence

Sub-Topics Property Tax Revenue Policing Tags Public Safety

Track

in committee · Maryland · House of Delegates Feb 10, 2026

HB 1080: Income Tax - Addition Modifications - Excluded Opportunity Fund Gains, Foreign-Derived Deduction Eligible Income, and Interest

HB 1080 modifies Maryland's income tax code to align with recent federal changes. It adds three specific types of income to Maryland taxable income: capital gains from qualified opportunity funds (previously excluded federally), certain foreign business income, and interest excluded under federal law. This affects Maryland taxpayers and corporations that earn these specific income types, requiring them to include these amounts in their state tax calculations. The changes take effect for taxable years beginning after December 31, 2025, with the full implementation starting July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesCloses tax loophole by including previously excluded income types, increasing state tax revenue and aligning with federal changes.95% confidence

Sub-Topics Income Tax

Track

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

Sub-Topics Revenue Tax Incentives

died · Maryland · House of Delegates Mar 16, 2026

HB 1204: Primary and Secondary Education - Education Savings Account Program - Establishment

HB 1204 establishes Maryland's Education Savings Account Program, providing state-funded accounts for parents of eligible K-12 students to cover approved education expenses. Eligible students include those who attended public school for at least 100 days last year (or military-connected students), with funding set at 75% of per-pupil state/local funding for families below 500% of the federal poverty level, and 50% for others. Parents must sign agreements committing to use funds only for approved costs (like private school tuition or licensed tutoring), not double-bill insurance, and return unused funds upon graduation or withdrawal. The bill also adds a state income tax deduction for deposits into these accounts.

Topics ✓ Budget & TaxesSupports Budget & TaxesAllocates state funds to education savings accounts, using existing per-pupil budget resources to fund K-12 programs, advancing educational spending priorities.90% confidence ✓ EducationSupports EducationEstablishes state-funded education savings accounts for K-12 parents, expanding access to educational funding and choice through supplemental per-pupil allocations.92% confidence

Sub-Topics Income Tax Higher Education K-12 Education School Choice

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signed · Maryland · House of Delegates May 12, 2026

HB 1452: Economic Development - Prince George's County Suitland Development Authority - Established

HB 1452 establishes the Suitland Development Authority in Prince George’s County to revitalize the Suitland Road and Silver Hill Road intersection area, which has faced decades of underdevelopment and blight. The Authority will create neighborhood revitalization plans with resident input, modify project boundaries (subject to a vote), manage finances, and operate tax-exempt under certain conditions. It directly affects residents and businesses in this specific neighborhood by aiming to boost economic activity, reduce unemployment, retain existing businesses, and increase property tax revenue for the county and state. The bill creates a new government entity focused on targeted neighborhood redevelopment, not broader policy changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax-exempt authority for economic development, providing tax relief for the Suitland project area and enabling fiscal management through tax-exempt operations.90% confidence ✓ HousingSupports HousingBill establishes Suitland Development Authority to revitalize blighted neighborhood area, directly advancing housing development through neighborhood revitalization plans.80% confidence ✓ TransportationSupports TransportationBill establishes Suitland Development Authority to revitalize Suitland/Silver Hill Road intersection, directly improving road infrastructure and addressing blight at a key transportation corridor.90% confidence

Sub-Topics Property Tax Revenue Community Development Property Development Property Taxes Roads & Highways Tags Economic Development

signed · Maryland · Senate Apr 14, 2026

SB 860: Department of Aging – Aging Resilience Fund – Establishment

SB 860 establishes the Aging Resilience Fund, a dedicated, nonlapsing fund administered by Maryland's Department of Aging. The fund is designed to support the department's mission by covering administrative costs like personnel, partnership development, and senior-focused programs. Interest earnings from the fund must be reinvested into the fund itself, and money can only be spent following state budget rules. This bill directly affects the Department of Aging's operations and senior services programs in Maryland.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes dedicated fund for Department of Aging operations, funding senior services per state budget rules, aligning with funding essential programs.85% confidence

Sub-Topics State Budget