Real Property - Condemnation - Damages Awarded for Lost Profits

HB 1337 (Maryland) amends property condemnation law to allow business or farm owners whose property is taken through eminent domain to claim compensation for lost profits under specific conditions. It directly affects business owners and farm operators on property acquired by government entities for public projects. The bill requires owners to prove the profit loss was directly caused by the taking, couldn't be prevented by relocation or reasonable steps, and isn't covered elsewhere. Damages must be calculated using standard accounting practices, preventing duplicate payments for the same loss. This change takes effect October 1, 2025.