Budget & Taxes (Tax Credits)

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

in committee · Maryland · Senate Feb 13, 2026

SB 826: Income Tax – Angel Investor Tax Credit for Investments in Emergent Technology

SB 826 creates a tax credit for Maryland investors who fund qualified early-stage companies developing emergent technology like artificial intelligence, quantum computing, or cybersecurity. Investors must contribute at least $25,000 in cash to a Maryland company meeting specific criteria, with the credit covering a percentage of that investment. The state establishes an Angel Investor Tax Credit Reserve Fund to manage the program, requiring investors to make qualifying investments within a set timeframe after certification. This credit directly affects individual investors and Maryland-based tech startups in designated fields, aiming to boost local investment in emerging technology sectors.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit for wealthy angel investors, aligning with 'tax breaks primarily for wealthy' indicator per topic guidelines.90% confidence ✓ TechnologySupports TechnologyTax credit directly funds investments in AI, quantum, and cybersecurity startups, promoting emergent technology development through financial incentives.95% confidence

Sub-Topics Income Tax Tax Credits Artificial Intelligence Cybersecurity Emerging Technology

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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

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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

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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

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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

signed · Maryland · Senate May 26, 2026

SB 501: Washington County - Property Tax Credit - Platoon 22, Incorporated

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesMandates 100% property tax credit for veteran housing, providing tax relief for a public service and directly altering tax code to fund essential housing programs.90% confidence ✓ HousingSupports HousingProvides 100% property tax credit for veteran housing, reducing provider costs and advancing affordable housing access for a vulnerable population.95% confidence ✓ VeteransSupports VeteransMandates 100% property tax credit for veteran housing provided by Platoon 22, directly funding housing services for veterans through tax relief.95% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Veteran Housing

died · Maryland · House of Delegates Mar 9, 2026

HB 1546: Baltimore County - Homestead Property Tax Credit - Individuals at Least 65 Years Old

HB 1546 modifies Baltimore County's homestead property tax credit to provide a 100% credit rate for homeowners aged 65 or older, instead of the standard 110% rate applied elsewhere in Maryland. This change directly affects Baltimore County residents who are 65+ and submit applications for the tax credit, requiring them to check a box confirming their age in the application process. The bill updates the calculation method under Maryland law to set this specific 100% rate for eligible seniors in Baltimore County for State, county, and municipal property taxes. The policy takes effect June 1, 2026, applying to taxable years beginning after June 30, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces homestead tax credit rate from 110% to 100% for Baltimore County seniors, decreasing tax relief for this group.92% confidence

Sub-Topics Property Tax Tax Credits

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in committee · Maryland · Senate Feb 11, 2026

SB 882: Income Tax - Credit for Student Loan Debt of Educators Working in Public Schools

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for public school educators, providing targeted tax relief for middle-income educators in essential public services, aligning with fiscal support for workforce retention.90% confidence ✓ EducationSupports EducationProvides tax credit to reduce educators' student loan debt, directly supporting teachers financially and retaining staff in public schools per bill's intent.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides tax credit for educator student debt, reducing financial barriers for public school workers and supporting workforce retention in education.65% confidence

Sub-Topics Income Tax Tax Credits Student Financial Aid Teachers

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