State Tax Credits, Exemptions, and Deductions - Alterations and Repeal

HB 919 modifies several Maryland tax credit and exemption programs by shortening their expiration dates and repealing others. It changes the termination date for the Job Creation Tax Credit, Opportunity Zone Program, R&D credit, and other business incentives from 2027 to 2026, and fully repeals the One Maryland Economic Development Tax Credit Program. The bill also removes sales tax exemptions for concrete production, baked goods, precious metals, and certain construction materials, while altering vehicle tax credit eligibility. These changes directly affect businesses and taxpayers utilizing these specific tax provisions in Maryland.