Budget & Taxes (Tax Credits)

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

HB 902: Retire in Maryland Tax Relief Act

This bill creates a state income tax credit for Maryland residents aged 77 and older to help reduce their tax burden. Eligible taxpayers must have federal adjusted gross income below $175,000 for individuals or $250,000 for couples filing jointly. The credit amount increases with age, ranging from 25% of the state income tax for those turning 77 to a full 100% credit for those aged 80 and older. The bill applies to taxable years beginning after December 31, 2025, and prevents taxpayers from claiming both this credit and another existing senior tax credit in the same year.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill provides tax relief for elderly Maryland residents through income tax credits, reducing tax burden for seniors with moderate incomes.90% confidence

Sub-Topics Income Tax Tax Credits Tags Seniors

Track

in committee · Maryland · House of Delegates Feb 16, 2026

HB 1427: Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount

HB 1427 modifies Maryland's Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit by adjusting income thresholds, calculation formulas, and maximum credit amounts. It increases the maximum annual credit for renters from $1,200 (2027) to $2,000 (2029+), and for homeowners from $1,500 (2028) to $2,000 (2029+), while raising income thresholds for eligibility. The bill specifies phased-in income percentages (e.g., 0% on first $16,000 of income for renters in 2029+) and adds a $200,000 net worth limit for renters. It directly affects low-to-moderate-income renters (including seniors/disabled individuals) and homeowners meeting revised income criteria. These changes apply to tax years beginning July 1, 2027, and subsequent years.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases tax credits for renters/homeowners with higher caps ($2,000) and expanded income eligibility, providing direct tax relief to lower/middle-income residents.95% confidence ✓ HousingSupports HousingIncreases renter/homeowner tax credits, raises maximum annual amounts ($1,200→$2,000 for renters), and expands eligibility thresholds to boost housing affordability.95% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Renters Tenant Rights

Track

in committee · Maryland · House of Delegates Feb 16, 2026

HB 1437: Income Tax - Credit for Long-Term Care Premiums

HB 1437 creates a Maryland income tax credit for long-term care insurance premiums paid by residents aged 45 or older. It allows taxpayers to claim a credit equal to 100% of eligible premiums (capped at $250 per year per insured person), covering the taxpayer, spouse, or certain family members. The credit is restricted to policies purchased after December 31, 2026, and cannot be claimed for individuals already covered before January 1, 2027, or for multiple taxpayers claiming the same person. The bill also requires annual reports to the legislature on credit usage and its impact on state medical assistance savings.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates income tax credit for long-term care premiums, reducing tax burden for eligible residents. Directly aligns with tax relief indicator for Budget & Taxes.95% confidence ✓ HealthcareSupports HealthcareProvides tax credit for long-term care insurance premiums, increasing affordability and access to coverage for seniors, directly supporting healthcare access.95% confidence

Sub-Topics Income Tax Tax Credits Long-Term Care

Track

passed · Maryland · House of Delegates Mar 30, 2026

HB 888: Washington County - Property Tax Credit for Disabled Veterans - Eligibility

HB 888 expands Washington County's property tax credit program for disabled veterans to include members of the National Oceanic and Atmospheric Administration (NOAA) and Public Health Service (PHS) who meet the same disability and service criteria as military veterans. The bill amends existing law to add these federal service members to the definition of "disabled veteran," allowing them to qualify for a credit equal to their VA disability rating percentage on their primary residence. This change directly affects eligible NOAA and PHS members who are disabled veterans under federal standards, as well as their surviving spouses who meet ownership and residency requirements. The credit applies to property tax on the dwelling house owned by qualifying individuals, effective June 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit for disabled veterans (including NOAA/PHS), providing targeted tax relief under fiscal policy.95% confidence ✓ VeteransSupports VeteransExpands property tax credit eligibility to include NOAA/PHS disabled veterans, directly advancing benefits for covered veterans under existing disability criteria.95% confidence

Sub-Topics Property Tax Tax Credits Veteran Benefits Veteran Healthcare

Track

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

Track

signed · Maryland · House of Delegates May 26, 2026

HB 783: Washington County - Property Tax Credit - Platoon 22, Incorporated

HB 783 requires Washington County and its municipalities to grant a 100% property tax credit against county and municipal taxes for real property owned by Platoon 22, Incorporated, provided the property is used to provide housing for veterans. The bill directly affects Platoon 22, a nonprofit organization, by eliminating property tax liability on qualifying housing properties. Key provisions mandate this tax credit be implemented through local law, applying to all taxable years beginning after June 30, 2026. This is a targeted tax exemption for a specific organization’s veteran housing operations, not a broad policy change.

Topics ✓ Budget & TaxesSupports Budget & TaxesHB 783 eliminates property tax liability for veteran housing nonprofit via 100% tax credit, providing direct tax relief and supporting fiscal management for housing services.95% confidence ✓ HousingSupports HousingEliminates property taxes for veteran housing nonprofit, reducing costs to maintain affordable housing. Directly supports housing access for veterans.90% confidence ✓ VeteransSupports VeteransEliminates property taxes for nonprofit providing veteran housing, directly funding housing services through tax credit for veterans' housing.95% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Property Taxes Veteran Housing

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

Track

signed · Maryland · Senate Apr 28, 2026

SB 466: Income Tax - Credit for Physician Preceptors in Areas With Health Care Workforce Shortages - Alterations

SB 466 modifies Maryland's income tax credit for physicians mentoring medical students in underserved areas. It removes a requirement that students must be enrolled in Maryland medical schools and reduces the minimum hours per clinical rotation from 100 to 90. The bill directly affects licensed physicians serving as preceptors in areas designated as having health care workforce shortages by the state. This change aims to expand eligibility for the $1,000-per-student rotation tax credit (capped at $10,000 annually per physician), potentially increasing mentor availability in shortage regions. The credit remains limited to $100,000 total annually for all physicians.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credit eligibility for physicians, providing tax relief (reducing state revenue) to address healthcare workforce shortages via fiscal policy.95% confidence ✓ HealthcareSupports HealthcareBill expands tax credit eligibility for physician preceptors in healthcare shortage areas by removing enrollment restrictions and lowering hour requirements, directly increasing provider access in underserved communities.95% confidence

Sub-Topics Income Tax Tax Credits

in committee · Maryland · House of Delegates Feb 16, 2026

HB 1521: Income Tax - Credit for Contributions, Volunteerism, and Employment Initiatives for At-Risk Youth

HB 1521 creates a Maryland state income tax credit for individuals and businesses that support at-risk youth through donations, volunteering, or hiring. It allows a 50% credit on contributions to certified organizations (max $5,000 for individuals, $100,000 for businesses), $25 per volunteer day at schools/recreation centers (max $500 annually), and $1,000 per hired at-risk youth (max $5,000 annually). The credit applies only to youth aged 12-25 facing challenges like homelessness, foster care aging out, or living in designated high-poverty areas. Taxpayers must apply for certification through the Department of Commerce, with a $10 million annual cap on total credits.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates tax credits reducing liability for supporting youth programs, aligning with tax relief and fiscal responsibility for community initiatives.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentBill provides tax credits to incentivize hiring at-risk youth (12-25), directly advancing employment opportunities for vulnerable workers through business incentives.90% confidence

Sub-Topics Income Tax Tax Credits Professional Licensing

Track

in committee · Maryland · House of Delegates Feb 16, 2026

HB 1482: Property Tax - Credit for Dwelling House of Disabled Veterans and Surviving Spouses - Revisions

HB 1482 requires Maryland counties and municipalities to automatically grant a property tax credit to disabled veterans and surviving spouses who own their homes, replacing the previous "may grant" option. It increases the credit to 80% of property taxes for veterans with 70%+ service-connected disability (up from 50%), 40% for 50-69% disability (up from 25%), and 20% for 20-49% disability. To qualify, applicants must have a VA-certified disability rating, own a primary residence, and have federal adjusted gross income under $100,000. Surviving spouses may also continue receiving the credit under local laws. The bill mandates these changes starting June 1, 2026, for all taxable years after that date.

Topics ✓ Budget & TaxesSupports Budget & TaxesIncreases property tax credits for disabled veterans, providing direct tax relief and expanding existing benefits through mandatory county/municipal implementation.95% confidence ✓ HousingSupports HousingProvides property tax credit reducing housing costs for disabled veterans, supporting affordability for vulnerable homeowners through direct financial relief.85% confidence ✓ VeteransSupports VeteransBill increases property tax credit percentages for disabled veterans (up to 80%) and mandates automatic grants, strengthening financial benefits for veterans and surviving spouses.95% confidence

Sub-Topics Property Tax Tax Credits Property Taxes Veteran Benefits Veteran Healthcare Veteran Housing

Track