SB 501 requires Washington County and its municipalities to grant a 100% property tax credit for real property owned by Platoon 22, Incorporated, specifically when that property is used to provide housing for veterans. The bill amends Maryland's tax code to mandate this credit by law, directly affecting only Platoon 22's taxable property within Washington County. The credit covers the full amount of county and municipal property tax on qualifying veteran housing properties. This policy change applies to all taxable years beginning after June 30, 2026.
SB 882 creates a state income tax credit for educators working full-time in Maryland public primary or secondary schools who have outstanding student loan debt. Eligible individuals must participate in the state's Career Ladder teaching program and certify they will use the credit for student loan repayment. The credit is claimed annually through the Maryland Higher Education Commission, with a $5 million annual cap, and paid out over five years (one-fifth each year). Recipients must verify continued employment in public schools and use the credit for loan repayment within three years, or repay the amount to the state if they fail to comply.
HB 889 authorizes Wicomico County or its municipalities to grant a property tax credit against local property taxes for real property owned by Salisbury Neighborhood Housing Services, Inc. (SNHS), specifically for properties they intend to transfer soon, use for housing development/rehabilitation, and are not used for administrative purposes. The nonprofit must submit annual reports detailing all its properties and transactions in the jurisdiction granting the credit. The credit terms (amount, duration, scope) would be set by the local government, and the law takes effect June 1, 2026, applying to taxes for 2026 and later.
HB 369 authorizes Prince George's County to offer a property tax credit to new businesses that create 10 or more full-time jobs in industries targeted for growth by the county's economic development agency. The credit applies to property owned or leased by qualifying businesses and cannot exceed 10 years. County officials would determine the credit amount, duration, and additional eligibility rules through local law. The credit becomes effective for tax years beginning after June 30, 2026.
HB 628 establishes a program providing $1,000 monthly payments for three years to young adults who were in out-of-home care (like foster care) on their 18th birthday, with birthdays on or after October 1, 2026. Payments cannot be counted as income for Medicaid, the Maryland Earned Income Tax Credit, or state/federal financial aid for education. The Department of Human Services must report annually on participants' income, location, employment, and housing status starting October 2027. The program will run from October 1, 2026, through September 30, 2031, with automatic termination after that date.
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.
SB 117 amends Maryland law to allow surviving spouses of fallen public safety officers or judicial officers - including those who have remarried - to qualify for a property tax credit on their primary residence. The bill directly affects local governments (like Baltimore City or county councils), which must administer the credit, and surviving spouses who meet eligibility criteria. Key provisions require the dwelling to be owned by the surviving spouse at the time of the officer's death, and local governments define specific details like credit amount and officer classifications. The change takes effect for tax years beginning after June 30, 2026.
HB 161 creates a property tax credit for property owners who convert former gas stations (retail service stations) to new uses like retail stores, homes, or mixed residential-retail spaces. Local governments (counties or cities) can grant this credit to offset property taxes, and the state will reimburse them 50% of the lost tax revenue. The credit is specifically intended to help cover costs for removing old underground gas tanks and cleaning up contamination. This applies to properties converted after June 30, 2026, and affects property owners making such conversions in Maryland jurisdictions.
SB 328 amends Maryland’s property tax credit for disabled or fallen public safety officers by expanding eligibility. It adds disabled officers who die regardless of cause (not just duty-related deaths) to the definition of "fallen public safety officer," and removes the requirement that a dwelling must have been acquired within 10 years of the disability or death. The bill also allows the tax credit amount for new dwellings to match the original credit for a previous dwelling, and authorizes local governments to set their own acquisition timelines or eligibility limits. This directly affects disabled officers, their surviving spouses, and cohabitants who own qualifying homes, as well as county/municipal tax administrators.
HB 368 requires Prince George's County to provide an additional property tax credit for homeowners, supplementing Maryland's existing state credit. The credit reduces taxes based on income: 0% on the first $8,000, 4% on the next $4,000, 6.5% on the following $4,000, and 9% on income above $16,000. Homeowners must have combined income under $75,000 and net worth under $200,000 to qualify. The State Department of Assessments and Taxation administers the credit, and Prince George's County must reimburse the state for administrative costs. The law takes effect for tax years beginning after June 30, 2026.
