Housing (Property Taxes)

HB 983 modifies Maryland's tax credit programs and exemptions. It terminates the Enterprise Zone Program and the One Maryland Economic Development Tax Credit Program on specific dates, ending eligibility for related tax benefits. The bill also limits annual claims for enterprise zone tax credits, restricts carryforwards for film production tax credits, and repeals sales tax exemptions for concrete, telecom equipment, and construction materials. Additionally, it alters eligibility rules for certain vehicle tax credits and ends property tax credits tied to enterprise zones.

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.