Budget & Taxes (Tax Credits)

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

HB 1256: Income Tax - Angel Investor Tax Credit

HB 1256 creates an Angel Investor Tax Credit in Maryland, allowing investors to claim a credit against their state income tax for qualifying investments in Maryland companies. The credit applies to investments in companies operating in specific economic sectors (to be designated by the Department of Commerce), with the Department required to maintain an online portal for applications and evaluate additional qualifying sectors. Investors must make their investment within a set timeframe after receiving a tax credit certificate, and the bill establishes a reserve fund for the credit program that earns interest. The credit directly affects angel investors who fund qualifying Maryland businesses and the state's economic development efforts, with provisions for recapturing credits if requirements aren't met.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit for wealthy angel investors, reducing state tax revenue and favoring high-income investors over public funding needs.90% confidence

Sub-Topics Income Tax Tax Credits

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

HB 1128: Income Tax – Angel Investor Tax Credit for Investments in Emergent Technology

HB 1128 creates a state income tax credit for individuals or entities investing in Maryland-based companies developing emergent technologies like artificial intelligence, quantum computing, or cybersecurity. To qualify, investors must contribute at least $25,000 before July 1, 2029, in exchange for equity (not debt), and the company must meet specific criteria for "emergent technology" development. The credit is funded through a dedicated Angel Investor Tax Credit Reserve Fund, which earns interest and is managed by the Department of Commerce. This policy directly affects early-stage tech investors and qualifying Maryland companies seeking capital to grow.

Topics ✗ Budget & TaxesOpposes Budget & TaxesCreates tax credit for wealthy investors, reducing state revenue; aligns with 'creates tax breaks primarily for wealthy' indicator under OPPOSE.90% confidence ✓ TechnologySupports TechnologyCreates tax credit for investing in AI, quantum, and cybersecurity startups, directly incentivizing funding for emergent technology development.95% confidence

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

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signed · Maryland · Senate Apr 28, 2026

SB 519: Earned Income Tax Credit - Assistance Program Implementation Delay and Study

SB 519 delays Maryland's Earned Income Tax Credit Assistance Program implementation until 2029, instead of 2024. It requires the Comptroller's Office to study outreach efforts by December 31, 2030, to help low-income residents claim the credit they qualify for but often miss. The bill also directs the Department of Service and Civic Innovation to recommend ways to assist low-income residents in claiming tax credits. This legislation postpones the program's start date while mandating studies to improve future outreach and participation.

Topics ✗ Budget & TaxesOpposes Budget & TaxesDelays EITC implementation until 2029, restricting immediate tax relief for low-income residents instead of advancing the credit program.85% confidence

Sub-Topics Audits & Accountability Income Tax Tax Credits

in committee · Maryland · Senate Feb 14, 2026

SB 973: Income Tax - Credit for Long-Term Care Premiums

SB 973 adjusts Maryland's income tax credit for long-term care insurance premiums. It reduces the maximum annual credit from $500 to $250 per person for Maryland residents aged 45 or older who pay premiums for qualifying long-term care insurance covering themselves or eligible family members. The bill restricts claims if the insured individual was covered before January 1, 2027, or if the credit was previously claimed for that person. These changes take effect for tax years beginning after December 31, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesReduces tax credit amount, restricting tax breaks for long-term care insurance premiums90% confidence ✗ HealthcareOpposes HealthcareReduces tax credit for long-term care insurance from $500 to $250, weakening financial support for coverage and limiting access to long-term care services.85% confidence

Sub-Topics Income Tax Tax Credits Long-Term Care

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in committee · Maryland · House of Delegates Feb 5, 2026

HB 930: Income Tax – Decoupling From Federal Changes – Education Expenses

HB 930 modifies Maryland’s income tax code to decouple from federal changes affecting education expenses. It prohibits the Governor from joining a federal tax credit program for elementary/secondary education scholarships and adjusts how employer contributions to education accounts (like Maryland’s Prepaid College Trust or College Investment Plans) are treated. Specifically, it adds tax on unused distributions from these accounts if not used for qualified education expenses, while excluding contributions and qualified distributions from taxable income. This directly affects Maryland residents using these education savings accounts and ensures state tax rules differ from federal law.

Topics ✗ Budget & TaxesOpposes Budget & TaxesAdds tax on unused education account distributions, increasing tax burden and restricting tax relief for education expenses.90% confidence ✗ EducationOpposes EducationBlocks federal education tax credits for scholarships and taxes unused education savings, restricting access to education funding mechanisms.95% confidence

Sub-Topics Income Tax Tax Credits Higher Education

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

HB 1273: Maryland Homeowner Protection and Homestead Tax Credit Portability Act of 2026

HB 1273 (Maryland Homeowner Protection and Homestead Tax Credit Portability Act of 2026) modifies Maryland's homestead tax credit system by reducing the maximum credit percentage from 110% to 105% for state and bicounty property taxes. It creates a new "homestead credit portability" feature allowing homeowners who move to a new residence to carry forward a portion of their previous home's tax credit. The portability adjustment calculates a credit based on the difference in taxable assessments between the previous and new dwelling, capped at $500,000 of the new property's assessment. This bill directly affects homeowners who relocate within Maryland and change their primary residence.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill reduces homestead tax credit max from 110% to 105%, decreasing tax relief for homeowners. This increases property tax burden for middle/lower income residents, aligning with 'oppose' indicators of weakening tax relief.90% confidence

Sub-Topics Property Tax Tax Credits

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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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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 · House of Delegates Jan 29, 2026

HB 603: Baltimore County - Homestead Property Tax Credit Percentage

HB 603 requires Baltimore County to set its homestead property tax credit percentage at a fixed 100% for all taxable years beginning after June 30, 2026. This directly affects Baltimore County homeowners who qualify for the homestead property tax credit, which reduces their property tax bill by applying the credit percentage to their taxable assessment. Previously, Baltimore County could choose a credit percentage between 100% and 110% or use the prior year's rate, but this bill eliminates that flexibility. The law takes effect on July 1, 2026, for the 2026 tax year.

Topics ✗ Budget & TaxesOpposes Budget & TaxesFixes homestead credit at 100% (capping previous max of 110%), reducing potential tax relief for homeowners by restricting credit percentage options.90% confidence ✗ HousingOpposes HousingBill fixes homestead tax credit at 100% (down from max 110%), reducing potential tax relief for homeowners and limiting affordability measures.90% confidence

Sub-Topics Property Tax Tax Credits Property Taxes

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signed · Maryland · Senate May 26, 2026

SB 30: Baltimore County - Property Tax Credit - Fraternal Order of Police Lodge 34

SB 30 would authorize Baltimore County's governing body to grant a 100% property tax credit against county taxes for real property owned by the Fraternal Order of Police Lodge 34 at 730 Wampler Road, Middle River. This credit would eliminate the full county property tax liability for that specific property. The bill applies only to taxable years beginning after June 30, 2026, and takes effect June 1, 2026. It directly affects Baltimore County (through its tax policy) and the Fraternal Order of Police Lodge 34 (as the beneficiary of the credit).

Topics ✗ Budget & TaxesOpposes Budget & TaxesTargets specific entity for full tax exemption, reducing county revenue without broad fiscal justification or public benefit.95% confidence

Sub-Topics Property Tax Tax Credits