Budget & Taxes (Tax Credits)

signed · Maryland · Senate Apr 28, 2026

SB 468: Local Government - Grant for Recipients of State Child Tax Credit - Authorization

SB 468 authorizes Maryland counties to create their own local child tax credits against county income tax for qualifying families. It allows counties to provide credits for each "qualified child" (defined as a dependent under age 6, or under 17 with a disability) to households with federal adjusted gross income below $15,000. The credit amount is set by the county, but must follow income phaseout rules ($50 reduction per $1,000 of income over $15,000) and requires county notification to the Comptroller. This bill does not create a state-level credit but gives counties the option to implement this local tax benefit for low-income families.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes local child tax credits for low-income families (under $15k AGI), providing direct tax relief to qualifying households, aligning with tax relief indicators for lower income.95% confidence

Sub-Topics Income Tax Sales Tax Tax Credits

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

Track

passed · Maryland · House of Delegates Apr 13, 2026

HB 1297: Income Tax - Student Loan Debt Relief Tax Credit - Alterations

HB 1297 modifies Maryland's student loan debt relief tax credit by changing how unused credit amounts are recaptured. It requires taxpayers to repay only the unused portion of the credit (not the full amount) if they don't use it for student loan repayment within 3 years. The bill also authorizes the Maryland Higher Education Commission to grant extensions of this 3-year period for taxpayers unable to repay due to specific federal delays, such as litigation over the SAVE repayment plan, Department of Education understaffing, or waiting for public service loan forgiveness. This directly affects Maryland residents with qualifying student loan debt who claim the tax credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesModifies tax credit to reduce repayment burden on unused portions, providing targeted tax relief for student loan borrowers92% confidence ✓ EducationSupports EducationModifies student loan tax credit to reduce recapture burden and allow extensions, supporting higher education affordability and access for borrowers.90% confidence

Sub-Topics Income Tax Tax Credits Student Financial Aid

Track

in committee · Maryland · Senate Feb 11, 2026

SB 812: Homeowners' Property Tax Credit - Eligibility and Calculation - Alterations

SB 812 modifies Maryland's homeowners' property tax credit by raising the income eligibility threshold from $60,000 to $100,000 in the preceding calendar year and adjusting the credit calculation structure. The bill now applies 0% to the first $15,000 of combined income, 3% to the next $7,500, 6% to the following $7,500, and 9% to income exceeding $30,000. This change directly affects Maryland homeowners with combined gross income up to $100,000 who qualify for the credit. The bill takes effect for tax years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesRaises income threshold for property tax credit, expanding relief to middle-income homeowners (up to $100k) with adjusted calculation structure, directly providing tax relief per support indicators.95% confidence ✓ HousingSupports HousingExpands property tax credit eligibility to higher-income homeowners, reducing housing costs for more residents within affordable housing framework.92% confidence

Sub-Topics Property Tax Tax Credits Property Taxes

Track

signed · Maryland · House of Delegates May 26, 2026

HB 805: Building Homes Act

HB 805, the Building Homes Act, creates a property tax credit for affordable homes in Maryland. It allows Baltimore City or county/municipal governments to offer tax credits against property taxes for dwellings with mortgages from nonprofit lenders and a 20-year agreement ensuring affordable pricing (including resale restrictions). The credit equals the difference between taxes on the home's full value and the portion covered by the homeowner's first mortgage. This directly affects homeowners in nonprofit-managed affordable housing units, reducing their annual property tax burden starting June 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides targeted property tax credit reducing burden for affordable housing homeowners, aligning with tax relief indicators for middle-income groups.95% confidence ✓ HousingSupports HousingCreates property tax credits for affordable homes via nonprofit mortgages with 20-year affordability agreements, directly increasing accessible housing options.95% confidence

Sub-Topics Property Tax Tax Credits Affordable Housing Housing Finance Property Taxes

signed · Maryland · House of Delegates May 12, 2026

HB 898: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

HB 898, the DECADE Act, reorganizes Maryland's economic development programs to streamline administration and expand incentives. It redesignates the Economic Development Opportunities Program Account as the "Strategic Closing Fund" under the Department of Commerce, alters eligibility and calculation rules for tax credits (including Job Creation, R&D, and film production credits), and extends the Build Our Future Grant Pilot Program. The bill allows pass-through entities to allocate tax credits to members and removes limits on film production tax credit certificates. These changes directly affect businesses, investors, and film producers seeking state economic development incentives.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits (Job Creation, R&D, film) and streamlines incentives, directly advancing economic development funding via tax policy.90% confidence ✓ TechnologySupports TechnologyBill includes R&D tax credits, a direct incentive for technology innovation and advancement, supporting tech industry growth.80% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

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

HB 1302: Property Tax Credit - Disabled Public Safety and Judicial Officers, Surviving Spouses, and Cohabitants - Eligibility

HB 1302 removes a requirement that disabled public safety/judicial officers, their surviving spouses, or cohabitants must have been domiciled in Maryland for 5 years before a disability or death event to qualify for a property tax credit. The bill directly affects disabled officers (e.g., law enforcement, firefighters) who became disabled on duty, surviving spouses who haven’t remarried, and cohabitants who lived with a fallen officer for 180+ days. Key changes eliminate the 5-year residency rule while keeping other eligibility criteria, such as the dwelling being their primary residence and acquired within 10 years of the qualifying event. This makes the credit more accessible to qualifying residents without requiring long-term Maryland residency prior to the qualifying incident.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves residency requirement for property tax credit, expanding tax relief eligibility for disabled officers and families, directly providing tax reduction.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentRemoves residency barrier for disabled public safety officers' property tax credit, expanding access to financial benefit for workers injured on duty.90% confidence

Sub-Topics Property Tax Tax Credits

Track

passed both · Maryland · Senate Apr 13, 2026

SB 980: Property Tax - Credit for Dwelling House of Disabled Veterans and Surviving Spouses - Alterations

SB 980 modifies Maryland's property tax credit for disabled veterans and surviving spouses by adjusting the required disability rating thresholds. It lowers the minimum rating for the 50% credit from 75% to 70% and for the 25% credit from 74% to 69%, expanding eligibility without changing existing income limits ($100,000 for single filers, $200,000 for joint filers). The bill applies to veterans or surviving spouses owning a dwelling house who meet the revised disability criteria. This change takes effect for taxable years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit eligibility for disabled veterans, providing tax relief to middle-income recipients without increasing state spending.95% confidence ✓ VeteransSupports VeteransLowers disability rating thresholds to expand property tax credit eligibility for disabled veterans and surviving spouses, directly advancing benefits without reducing existing protections.95% confidence

Sub-Topics Property Tax Tax Credits

Track

in committee · Maryland · House of Delegates Feb 11, 2026

HB 1213: State Transfer Tax - Rate - Alterations (Housing Affordability for Buyers and Sellers)

HB 1213 lowers Maryland's transfer tax rates for specific affordable housing properties to increase housing accessibility. It creates a new "deed-restricted property" category requiring 15% of units to be affordable to households earning ≤80% of the area median income (defined as housing costing ≤30% of income). The bill reduces tax rates for these properties: 0.25% (under $1M), 0.375% ($1M-$10M), and 0.5% ($10M+) versus standard rates for similar properties. It also adds a 0.5% tax rate for transfers involving certain low-income housing tax credit developments, directly benefiting first-time homebuyers and affordable housing developers.

Topics ✓ Budget & TaxesSupports Budget & TaxesReduces transfer tax rates for affordable housing properties, providing tax relief to lower-income buyers and promoting housing accessibility through fiscal policy.95% confidence ✓ HousingSupports HousingReduces transfer taxes for deed-restricted affordable housing requiring 15% units at ≤80% AMI, directly increasing housing accessibility and affordability.95% confidence

Sub-Topics Tax Credits Affordable Housing Homeownership Property Taxes

Track

signed · Maryland · House of Delegates May 26, 2026

HB 1330: Homeowners’ Property Tax Credit – Year–Round Application

HB 1330 changes Maryland's homeowners' property tax credit application process to be year-round. It eliminates the previous October 1 deadline, allowing eligible homeowners to apply anytime within specific windows: within one year after April 15 for first-time applicants or those who applied on time for three consecutive years, or within three years after April 15 for homeowners aged 70+ or enrolled in the Homeowner Protection Program. The bill directly affects Maryland homeowners with combined gross income under $60,000 or net worth under $200,000 who qualify for the credit. Key mechanisms include extended application periods and revised payment timing based on when the application is submitted. This applies to all taxable years beginning after June 30, 2027.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill simplifies access to property tax credit, providing tax relief for eligible homeowners (including seniors), directly advancing tax relief within Budget & Taxes.92% confidence

Sub-Topics Property Tax Tax Credits