Howard County - Transfer Tax - Use of Proceeds Ho. Co. 12-26

HB 590 renames Howard County's Agricultural Land Preservation Fund to the Agricultural Preservation and Innovation Fund and specifies how property transfer tax revenues are distributed. The bill directs 25% of transfer tax proceeds to school construction, 25% to park and watershed projects, and the remaining 50% to be split: 50% (of the remainder) for agricultural programs (including innovation to support farming sustainability), 25% for low-income housing and community improvement, and 25% for fire services. It also requires that any revenue from an increased transfer tax rate be distributed equally among school capital projects, recreation and parks capital projects, low-income housing, and fire services. The bill takes effect July 1, 2026.