Budget & Taxes (Tax Credits)

signed · Maryland · House of Delegates Apr 28, 2026

HB 363: Local Government - Grant for Recipients of State Child Tax Credit - Authorization

HB 363 authorizes Maryland counties to create a local child tax credit against county income tax for low-income families with children. It allows counties to provide a $500 credit per qualified child for taxpayers with federal adjusted gross income below $15,000, reduced by $50 for every $1,000 over that threshold. To qualify, both the taxpayer and child must be residents of the county (either domiciled there or maintaining a principal residence). Counties must formally adopt the credit by July 1 prior to implementation and notify the Comptroller, but the credit is optional for counties to implement.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes local child tax credit providing $500 tax relief per child for low-income families ($15k AGI threshold), directly advancing tax relief for lower-income residents.95% confidence

Sub-Topics Audits & Accountability Income Tax Tax Credits

in committee · Maryland · Senate Jan 28, 2026

SB 377: Earned Income Tax Credit - Individuals Without Qualifying Children - Eligibility

SB 377 expands Maryland's Earned Income Tax Credit (EITC) for low-income residents without qualifying children by raising the income level at which the credit begins to phase out. It directly affects eligible Maryland workers earning below the new, higher income thresholds who previously lost credit benefits too quickly. The bill establishes annual inflation adjustments starting in 2026 to keep the credit's value current, calculated using the federal cost-of-living adjustment formula. This change ensures the credit remains accessible for more low-income workers without children as living costs rise.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands EITC for low-income workers without children by raising income phase-out threshold and adding inflation adjustments, providing direct tax relief to lower-income residents.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands EITC for low-income workers without children, increasing financial support and benefits through higher income thresholds and inflation adjustments.95% confidence

Sub-Topics Income Tax Tax Credits

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passed · Maryland · Senate Mar 16, 2026

SB 25: Income Tax - Cybersecurity Technology and Service Tax Credit - Alterations

SB 25 creates the "Buy Maryland Cybersecurity Tax Credit," allowing Maryland businesses to claim a 50% tax credit (up to $50,000 annually) for purchasing cybersecurity technology or services from Maryland-based cybersecurity companies meeting specific criteria. The credit is refundable (businesses can get cash if the credit exceeds taxes owed) and requires sellers to be Maryland-headquartered, small businesses (under $10 million revenue), and/or owned by minorities, women, veterans, or located in designated business zones. It limits total credits per seller to $1 million annually and ends all new credits after 2030. This directly affects Maryland businesses buying cybersecurity and qualifying Maryland cybersecurity firms.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable 50% tax credit for cybersecurity purchases, providing direct tax relief to businesses under specific criteria.90% confidence ✓ TechnologySupports TechnologyCreates tax credit for cybersecurity tech purchases, incentivizing business investment in security measures, directly enhancing cybersecurity protections.95% confidence ✓ VeteransSupports VeteransBill requires cybersecurity vendors to be veteran-owned to qualify for tax credit, directly supporting veteran entrepreneurship and business ownership opportunities.85% confidence

Sub-Topics Income Tax Procurement Tax Credits Cybersecurity

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died · Maryland · House of Delegates Mar 9, 2026

HB 323: Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation

HB 323 creates a Maryland state income tax credit for residents who paid early withdrawal penalties on retirement funds due to financial exploitation. The credit covers the lesser of the state tax attributable to those penalties or the federal penalty paid, directly helping vulnerable adults (defined as older adults or those with diminished capacity due to age, disability, or health conditions) who were exploited by someone in a position of trust. It applies when exploitation involved deception, breach of fiduciary duty, or misuse of assets leading to forced early retirement fund withdrawals. This policy change provides financial relief for victims of financial exploitation by offsetting penalties they incurred.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit providing relief to vulnerable adults, reducing their tax burden through direct tax relief for exploitation-related penalties.95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Maryland · Senate Feb 3, 2026

SB 372: Community Development - Maryland New Markets Development Program - Establishment

SB 372 establishes Maryland's New Markets Development Program to incentivize private investment in low-income communities. It creates a refundable tax credit against state income tax and certain insurance taxes for investors who make qualified equity investments in Maryland-based community development entities serving low-income areas. The credit provides 5% of the investment amount for the first three years and 8.75% for the next four years, totaling seven years. This directly affects investors, community development entities, and qualifying low-income businesses that receive capital to support job creation and economic development in underserved areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credits (5-8.75%) for investors in low-income communities, incentivizing private investment through tax relief to fund community development.95% confidence ✓ HousingSupports HousingCreates tax credits to incentivize private investment in low-income community development, directly funding affordable housing initiatives in underserved areas.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Community Development Property Development Tags Economic Development

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in committee · Maryland · House of Delegates Jan 26, 2026

HB 127: Baltimore County - Property Tax Credits - Public Safety Officers and Public School System Employees

HB 127 requires Baltimore County to create a property tax credit for county residents who are public safety officers (like police and firefighters) or Baltimore County public school employees. The credit would reduce the county property tax on their primary residence, with the county government determining the exact amount, duration, and application process. This bill directly affects those specific public employees by lowering their local tax burden, but the county must establish the program through its own local law. The credit would apply to taxable years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides property tax credit for public safety/school employees, lowering their tax burden. Direct tax relief alignates with support indicators.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentProvides property tax credit to public safety and school employees, reducing their living costs and supporting workforce retention in key labor sectors.95% confidence

Sub-Topics Property Tax Tax Credits Tags Public Safety

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passed · Maryland · Senate Mar 16, 2026

SB 356: Income Tax Credit - Parent of a Stillborn Child

SB 356 creates a $1,000 refundable state income tax credit for Maryland parents who experience a stillbirth, as documented by a certified birth certificate or fetal death certificate issued under Maryland law or equivalent from another state. The credit can be claimed in the tax year the stillbirth occurred, and if it exceeds the parent's state income tax liability, they receive a cash refund for the difference. This policy directly affects eligible Maryland parents of stillborn children, providing financial relief tied to the year of the stillbirth. The credit applies to all taxable years beginning after December 31, 2026, and takes effect July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesProvides refundable tax credit reducing tax liability for eligible parents, offering direct financial relief through state tax system95% confidence

Sub-Topics Income Tax Tax Credits

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in committee · Maryland · Senate Jan 22, 2026

SB 291: Income Tax - Credit for Income Taxes and Penalties Due to Financial Exploitation

SB 291 creates a state income tax credit for Maryland residents who paid income taxes and penalties due to early retirement fund withdrawals caused by financial exploitation. It directly affects eligible taxpayers who experienced exploitation - defined as misuse of assets by someone in a position of trust (e.g., family members, caregivers) through deception, breach of fiduciary duty, or unauthorized actions. The credit equals the lesser of the state income tax attributable to the early withdrawal or the federal penalty paid under IRS Section 72(T). This policy change provides financial relief for victims of exploitation without altering existing estate or tax laws beyond this specific credit.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credit reducing burden for victims of financial exploitation, providing direct tax relief to affected taxpayers.95% confidence

Sub-Topics Income Tax Tax Credits

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signed · Maryland · House of Delegates May 26, 2026

HB 359: Property Tax Credit - Urban Agricultural Property - Alterations

HB 359 amends Maryland's property tax credit for urban agricultural property, clarifying eligibility and adding procedural requirements for jurisdictions granting the credit. It defines "urban agricultural property" as land between 1/8 and 5 acres in priority areas (not assessed as agricultural) used for activities like crop production, beekeeping, environmental mitigation, community programs, or agritourism. The bill requires jurisdictions to evaluate the credit's effectiveness after 3 years and, if terminating it, must provide the public with at least one year's notice and an opportunity to comment or appeal. This directly affects Baltimore City, counties, and municipalities that administer the tax credit for qualifying urban farms and agricultural operations.

Topics ✓ Budget & TaxesSupports Budget & TaxesAmends property tax credit, providing tax relief for urban agricultural property owners, aligning with tax relief indicators.90% confidence ✓ EnvironmentSupports EnvironmentExplicitly lists 'environmental mitigation' as qualifying activity for tax credit, incentivizing eco-friendly urban agricultural practices that align with environmental protection goals.85% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Tags Agriculture

in committee · Maryland · House of Delegates Jan 15, 2026

HB 87: Income Tax - Energy Efficient Home Improvement Credit

HB 87 creates a Maryland income tax credit allowing homeowners to claim up to 30% of costs for qualifying energy-efficient home improvements, capped at $3,200 annually. It covers specific items like home energy audits ($150 limit), exterior windows ($600 total), doors ($500 total), heat pumps, and biomass stoves ($2,000 limit), all applied to the primary residence. The credit excludes improvements paid for with subsidized energy financing and requires documentation for verification. This policy takes effect for tax years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for energy-efficient home improvements, providing tax relief to homeowners. Aligns with tax relief indicators for middle/lower income.95% confidence ✓ EnergySupports EnergyProvides tax credit for energy-efficient home upgrades, promoting renewable energy adoption and efficiency improvements like heat pumps and biomass stoves.95% confidence ✓ EnvironmentSupports EnvironmentProvides tax credit for energy-efficient home upgrades (heat pumps, windows, etc.), directly promoting reduced energy consumption and lower emissions per bill summary.95% confidence

Sub-Topics Income Tax Tax Credits Energy Efficiency

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