HB 472 Maryland House of Delegates · 2026 Regular Session

Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

HB 472 extends the expiration date for Maryland's theatrical production tax credit from 2027 to 2032. This credit allows theater producers to claim a reduction on their state income tax for qualifying production costs. The bill directly affects film and theater producers in Maryland who currently qualify for the credit. It modifies existing law (from 2022) to extend the credit's validity period by five additional years, ensuring the program remains active through 2032 without requiring new legislative action.

Issues: ✗ Budget & Taxes

Bill status signed all 5 stages cleared

Introduction

Jan 2026

Committee Review

Apr 2026

House of Delegates Passage

Apr 2026

Senate Passage

Apr 2026

Signed into Law

Apr 2026

Introduced Jan 23, 2026 Signed Apr 14, 2026

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What changed between versions

First - Income Tax - Theatrical Production Tax Credit - Sunset Extension → Third - Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension · 5 edits

MODERATE

The bill was updated to reflect its progression through the legislative process, changing the title to include 'Alterations' and adding a committee report indicating favorable approval. The core policy changes involve expanding the sunset provision to allow unused tax credits to be carried forward, while simultaneously introducing new caps on the total amount of credits issued annually and per production.

Scope change

The bill's scope expanded to include mechanisms for carrying forward unused tax credits to future years, subject to new aggregate limits.

FISCAL

New limits were established: a $5 million annual cap on total credit issuance and a $20 million lifetime cap on carried-forward credits.

A new $2 million cap was added to limit the total credits available for any single theatrical production.

DEFINITION

New definitions were added for 'Qualified theatrical production facility' and 'Secretary' (Secretary of Commerce).

TIMELINE

The bill title and explanatory text were updated to reflect the extension of the sunset date and the new carry-forward rules.

REQUIREMENT

New procedural requirements were added allowing the Department of Commerce to issue carry-forward certificates for unused credits in subsequent fiscal years.

Floor votes · Senate Mar 16, 2026 · House of Delegates Mar 10, 2026

How they voted

44–1

Passed · 4 other

Total votes 49

Mar 16, 2026

D Democratic36

33 Yea 3

91% Yea

R Republican13

11 Yea 1 Nay 1

84% Yea

Vote distribution

All Yea All Nay Mixed No data

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Apr 14, 2026

Signed into law

Approved by the Governor - Chapter 18

executive

Apr 3, 2026

Lower · Passed

Returned Passed

lower

Apr 3, 2026

Upper · Passed

Third Reading Passed

upper

Apr 1, 2026

Upper · Passed

Favorable Adopted

upper

Apr 1, 2026

Upper · Passed

Favorable Report by Budget and Taxation

upper

Mar 23, 2026

Committee

Referred Budget and Taxation

upper

Mar 23, 2026

Lower · Passed

Third Reading Passed

lower

Mar 21, 2026

Lower · Passed

Favorable with Amendments {

lower

Mar 21, 2026

Lower · Passed

Favorable with Amendments Report by Ways and Means

lower

Mar 16, 2026

Senate · Passed

Senate Vote: pass (44-1-4)

senate

Mar 10, 2026

House Of Delegates · Passed

House of Delegates Vote: pass (122-14-6)

house of delegates

Jan 23, 2026

Committee

First Reading Ways and Means

lower

16 primary · 0 co-sponsors