HB 1040 mandates that Maryland's Strategic Energy Investment Fund allocate at least $365 million annually from fiscal years 2028 through 2032 specifically to climate change programs. This includes $100 million for incentives to replace gas stoves, resistive electric heating, and electric water heaters with energy-efficient alternatives like induction stoves and heat pumps; $50 million for expanding solar energy deployment through community solar and equity programs; and $25 million for electric vehicle infrastructure and zero-emission vehicle incentives. The bill directly affects Maryland residents (through home appliance rebates) and businesses (via solar and EV programs) by funding concrete climate action. These allocations are mandatory, ensuring dedicated state funding for measurable climate impact reduction over the specified period.
HB 1243 exempts all personal property (including manufacturing inventory) owned by small manufacturers in Prince George's County from property tax, specifically targeting businesses with 50 or fewer employees. This policy change directly affects qualifying small manufacturing businesses in the county by eliminating their tax burden on tools, machinery, raw materials, and finished goods. The bill amends existing tax code to create a new exemption under Section 7-226.1, effective June 1, 2026, applying to all taxable years starting after June 30, 2026. It does not alter tax rates but removes property tax liability for qualifying businesses' operational assets.
HB 1088 allows counties and municipal corporations in Maryland to request a review of the assessed value of commercial real property sold to a new owner when the sales price is 20% or more higher than the previous sale price. This bill modifies Maryland’s property tax code to authorize local governments - not individual property owners - to file such petitions with tax supervisors. The key provision requires the Department of Assessments to establish procedures for handling these requests, with hearings scheduled per existing tax appeal rules. It directly affects commercial property transactions meeting the 20% price increase threshold, aiming to adjust assessments for significant value jumps after resale. The bill takes effect October 1, 2026.
SB 503 requires the Governor to include $450,000 annually in the state budget for the Growing Family Child Care Opportunities Program during fiscal years 2023, 2024, 2026, and 2028-2030. The bill formalizes funding for grants to support local programs that help establish and sustain family child care services, directly affecting family child care providers and local jurisdictions (counties or groups of counties). To receive funds, counties must partner with a child care resource center to jointly apply for and administer the grants. The program, administered with the Maryland Child Care Resource Network, aims to provide start-up assistance for family child care homes serving children under 13 or developmentally disabled individuals under 21.
SB 812 modifies Maryland's homeowners' property tax credit by raising the income eligibility threshold from $60,000 to $100,000 in the preceding calendar year and adjusting the credit calculation structure. The bill now applies 0% to the first $15,000 of combined income, 3% to the next $7,500, 6% to the following $7,500, and 9% to income exceeding $30,000. This change directly affects Maryland homeowners with combined gross income up to $100,000 who qualify for the credit. The bill takes effect for tax years beginning after June 30, 2026.
HB 1208 authorizes Calvert County Commissioners to use revenue from payment-in-lieu-of-taxes agreements (effective October 1, 2026) to fund specific volunteer emergency services. It directs funds to designated organizations like volunteer fire companies, rescue squads, the Calvert Advanced Life Support Unit, and rescue dive teams, provided they submit annual budgets and maintain nonprofit status. The bill specifies that funds must cover equipment, facilities, and training for responders, and prohibits restricting response areas. It also requires recipient organizations to provide bonds ensuring funds are spent as intended.
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Public Safety
HB 1245 establishes the Baltimore First Responders Child Care Support and Accessibility Program within Maryland’s State Department of Education. It provides monthly child care allowances to first responders (including Baltimore City police, fire, and emergency medical personnel) in Baltimore City to support their dependent children’s early development and address recruitment/retention challenges. The program requires $600,000 in annual state funding starting fiscal year 2028, administered with Baltimore City public safety departments and nonprofit partners. Annual reports must track participation by agency, children served, and impacts on recruitment, retention, and public safety.
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Public Safety
HB 805, the Building Homes Act, creates a property tax credit for affordable homes in Maryland. It allows Baltimore City or county/municipal governments to offer tax credits against property taxes for dwellings with mortgages from nonprofit lenders and a 20-year agreement ensuring affordable pricing (including resale restrictions). The credit equals the difference between taxes on the home's full value and the portion covered by the homeowner's first mortgage. This directly affects homeowners in nonprofit-managed affordable housing units, reducing their annual property tax burden starting June 1, 2026.
SB 826 creates a tax credit for Maryland investors who fund qualified early-stage companies developing emergent technology like artificial intelligence, quantum computing, or cybersecurity. Investors must contribute at least $25,000 in cash to a Maryland company meeting specific criteria, with the credit covering a percentage of that investment. The state establishes an Angel Investor Tax Credit Reserve Fund to manage the program, requiring investors to make qualifying investments within a set timeframe after certification. This credit directly affects individual investors and Maryland-based tech startups in designated fields, aiming to boost local investment in emerging technology sectors.
HB 898, the DECADE Act, reorganizes Maryland's economic development programs to streamline administration and expand incentives. It redesignates the Economic Development Opportunities Program Account as the "Strategic Closing Fund" under the Department of Commerce, alters eligibility and calculation rules for tax credits (including Job Creation, R&D, and film production credits), and extends the Build Our Future Grant Pilot Program. The bill allows pass-through entities to allocate tax credits to members and removes limits on film production tax credit certificates. These changes directly affect businesses, investors, and film producers seeking state economic development incentives.
