Budget & Taxes

signed · Maryland · Senate Apr 28, 2026

SB 163: Income Tax - Addition Modification for Federal Tax-Exempt Income - Study

SB 163 modifies Maryland's income tax calculation by removing a requirement to include certain foreign earned income in taxable income. It specifically exempts income that qualifies for exclusion under federal law (IRS Section 911), such as earnings from work abroad that are already excluded from federal taxes but would otherwise be added to Maryland taxable income. This change directly affects Maryland residents earning qualifying foreign income who currently face state taxation on that income. The bill amends Maryland tax code sections 10-204(a) and 10-204(c)(1)(I) and takes effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExempts federally tax-exempt foreign income from state tax, reducing tax burden for residents earning abroad.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 860: Department of Aging – Aging Resilience Fund – Establishment

SB 860 establishes the Aging Resilience Fund, a dedicated, nonlapsing fund administered by Maryland's Department of Aging. The fund is designed to support the department's mission by covering administrative costs like personnel, partnership development, and senior-focused programs. Interest earnings from the fund must be reinvested into the fund itself, and money can only be spent following state budget rules. This bill directly affects the Department of Aging's operations and senior services programs in Maryland.

Topics ✓ Budget & TaxesSupports Budget & TaxesEstablishes dedicated fund for Department of Aging operations, funding senior services per state budget rules, aligning with funding essential programs.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 344: Property Tax - Agricultural Use Assessment - Community Solar Energy Generating Systems

SB 344 extends the deadline for community solar energy systems to receive Public Service Commission approval, allowing land used by these systems to qualify for agricultural property tax assessment. Specifically, it changes the requirement from approval "on or before December 31, 2025" to "on or before December 31, 2030" for systems placed in service after June 30, 2022. This directly affects community solar developers and landowners seeking agricultural tax treatment for solar installations. The bill amends Maryland's property tax code to maintain eligibility for agricultural assessment without altering the core criteria for qualifying land use. The change takes effect June 1, 2026, applying to all taxable years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends agricultural tax assessment for solar systems, providing property tax relief to developers/landowners by lowering their tax burden.85% confidence ✓ EnergySupports EnergyExtends deadline for community solar systems to qualify for agricultural tax assessment, directly promoting renewable energy development and infrastructure expansion.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 43: Financial Institutions - Maryland Community Investment Venture Fund and Regulation of Entities - Revisions

SB 43 repeals a $25 fee charged to banking institutions for certificate of valid charter requests and extends the deadline for the Commissioner to match investments in the Maryland Community Investment Venture Fund from 2028 to 2030. The bill revises the Fund’s purpose to focus on developing financial products and services for low-to-moderate-income communities through investments, grants, and innovation testing. It also updates assessment credit rules for banking institutions and credit unions, alters the definition of "emergency" for banking closures, and clarifies the Fund’s status as a nonlapsing state fund. These changes directly affect Maryland banking institutions, credit unions, and residents in low-to-moderate-income areas seeking improved financial services.

Topics ✓ Budget & TaxesSupports Budget & TaxesRevises Maryland Community Investment Fund purpose to develop financial products for low-income communities through government-funded investments and grants, advancing fiscal support for underserved populations.85% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 440: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

SB 440 extends the expiration date of Maryland's theatrical production tax credit from 2027 to 2032. This credit allows theater producers to claim a refundable tax credit against state income tax for qualifying production costs within the state. The bill amends existing law (Chapter 258 and 259 of the 2022 Acts) to change the sunset date from June 30, 2027, to June 30, 2032, without requiring further legislative action. It directly affects theater companies and productions that meet the credit's eligibility criteria in Maryland.

Topics ✓ Budget & TaxesSupports Budget & TaxesExtends refundable tax credit for theater producers, providing tax relief and maintaining fiscal support for arts industry without increasing state revenue impact.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

signed · Maryland · Senate Apr 14, 2026

SB 262: Income Tax - Subtraction Modification for Classroom Supplies Purchased by Teachers - Alteration

SB 262 expands Maryland's income tax deduction for teachers by adding prekindergarten teachers to the list of eligible educators who can deduct up to $250 annually for unreimbursed classroom supply expenses. The bill amends tax code sections to include prekindergarten classroom teachers employed full-time in state programs as "eligible teachers," alongside existing K-12 teachers. This deduction applies only to supplies used by students or for teaching preparation, and excludes expenses already deducted federally. The change takes effect for taxable years beginning after December 31, 2025.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax deduction for teachers, providing tax relief to middle-income educators via $250 annual classroom supply deduction.95% confidence ✓ EducationSupports EducationExpands tax deduction for teachers to include prekindergarten educators, providing financial relief for classroom supplies. Directly supports educators through tax benefit expansion.95% confidence ✓ Labor & EmploymentSupports Labor & EmploymentExpands tax deduction for teachers' unreimbursed classroom supplies, enhancing financial support for educators as part of employment benefits.90% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

passed both · Maryland · Senate Apr 13, 2026

SB 961: Income Tax Credit - Venison Donation - Alterations

SB 961 modifies Maryland's tax credit for hunters donating processed deer meat. It removes the previous $300 annual limit on the credit, allowing hunters to claim the full credit for eligible expenses without the cap. The bill maintains a $75 per deer processing expense limit and requires donations to go to IRS 501(c)(3) organizations. Hunters must still comply with hunting laws, and donation programs must report donor information to the Comptroller annually. The change takes effect July 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesRemoves $300 annual cap on venison donation tax credit, expanding tax relief for hunters. Directly strengthens tax credit provisions per Budget & Taxes indicators.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · Maryland · Senate Apr 13, 2026

SB 980: Property Tax - Credit for Dwelling House of Disabled Veterans and Surviving Spouses - Alterations

SB 980 modifies Maryland's property tax credit for disabled veterans and surviving spouses by adjusting the required disability rating thresholds. It lowers the minimum rating for the 50% credit from 75% to 70% and for the 25% credit from 74% to 69%, expanding eligibility without changing existing income limits ($100,000 for single filers, $200,000 for joint filers). The bill applies to veterans or surviving spouses owning a dwelling house who meet the revised disability criteria. This change takes effect for taxable years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit eligibility for disabled veterans, providing tax relief to middle-income recipients without increasing state spending.95% confidence ✓ VeteransSupports VeteransLowers disability rating thresholds to expand property tax credit eligibility for disabled veterans and surviving spouses, directly advancing benefits without reducing existing protections.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · Maryland · Senate Apr 13, 2026

SB 247: Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program

SB 247 converts Maryland's Biotechnology Investment Incentive Tax Credit into a direct grant program administered by the Department of Commerce. It replaces tax credits with cash grants for qualifying biotechnology companies engaged in research, development, or commercialization of biological technologies. The bill requires the Department to disburse grants within a specified timeframe and allows recipients to deduct these grants from their Maryland income tax for the same year. This change shifts the incentive from tax savings to immediate funding, directly affecting eligible biotech firms in Maryland.

Topics ✓ Budget & TaxesSupports Budget & TaxesConverts tax credit to direct grants, increasing state spending on biotech incentives instead of reducing tax revenue, advancing fiscal support for the sector.90% confidence ✓ TechnologySupports TechnologyConverts tax credits to direct grants for biotech R&D, funding innovation in biological technologies per bill summary.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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passed both · Maryland · Senate Apr 13, 2026

SB 328: Property Tax Credit - Disabled or Fallen Public Safety Officer or Judicial Officer - Alterations

SB 328 amends Maryland’s property tax credit for disabled or fallen public safety officers by expanding eligibility. It adds disabled officers who die regardless of cause (not just duty-related deaths) to the definition of "fallen public safety officer," and removes the requirement that a dwelling must have been acquired within 10 years of the disability or death. The bill also allows the tax credit amount for new dwellings to match the original credit for a previous dwelling, and authorizes local governments to set their own acquisition timelines or eligibility limits. This directly affects disabled officers, their surviving spouses, and cohabitants who own qualifying homes, as well as county/municipal tax administrators.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands property tax credit eligibility for public safety officers, providing tax relief and increasing state tax expenditure on credits.95% confidence | Rep's Stance ✓ Voted Yes ✓ Supports Budget & Taxes

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