Property Tax - Day Care Centers, Child Care Homes, and Child Care Centers

SB 516 exempts personal property used in qualifying large family child care homes from property tax under Maryland law (Section 7-227). It repeals outdated requirements for real property improvements to qualify for tax credits and increases the maximum annual property tax credit for eligible facilities from $3,000 to $10,000 (Section 9-213). Local governments (counties, Baltimore City, or municipalities) can now grant this credit against real property tax for portions of property used by registered large family child care homes, licensed child care centers, or day care centers for elderly/adults. The bill takes effect June 1, 2025, applying to taxable years beginning after June 30, 2025.