Budget & Taxes (Economic Development)

signed · Maryland · House of Delegates Apr 14, 2026

HB 1232: Baltimore City - Economic Development Project in Downtown RISE District - Payment in Lieu of Taxes

HB 1232 allows developers to avoid Baltimore City property taxes for new or renovated commercial or multifamily projects in the Downtown RISE District (specifically wards 4, 21, and 22 precincts) by entering a payment-in-lieu-of-taxes agreement with the city. To qualify, the project must include at least one facility like a hotel, office building, or retail space, and the city must first confirm the project’s financial necessity through an economic analysis. Developers must apply for the agreement by June 30, 2036, with building permits secured and financing conditions met. The city must annually report job creation, estimated tax impacts, and other economic benefits to city council and the state legislature. The bill takes effect July 1, 2026.

Topics ✗ Budget & TaxesOpposes Budget & TaxesBill grants property tax exemption to developers in RISE District, reducing city tax revenue and creating a tax break for commercial entities, aligning with 'oppose' indicators.90% confidence

Sub-Topics Tax Incentives Tags Economic Development

died · Maryland · House of Delegates Mar 13, 2026

HB 983: State Tax Credits, Modifications, and Exemptions - Alterations and Repeal

HB 983 modifies Maryland's tax credit programs and exemptions. It terminates the Enterprise Zone Program and the One Maryland Economic Development Tax Credit Program on specific dates, ending eligibility for related tax benefits. The bill also limits annual claims for enterprise zone tax credits, restricts carryforwards for film production tax credits, and repeals sales tax exemptions for concrete, telecom equipment, and construction materials. Additionally, it alters eligibility rules for certain vehicle tax credits and ends property tax credits tied to enterprise zones.

Topics ✗ Budget & TaxesOpposes Budget & TaxesTerminates tax credit programs and repeals exemptions, restricting tax benefits and reducing available tax breaks.90% confidence ✗ HousingOpposes HousingTerminates Enterprise Zone tax credits (often used for housing development) and repeals construction material tax exemptions, increasing development costs and reducing incentives for housing projects.85% confidence

Sub-Topics Business Taxes Sales Tax Tax Incentives Property Development Property Taxes Tags Economic Development

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signed · Maryland · House of Delegates May 12, 2026

HB 1452: Economic Development - Prince George's County Suitland Development Authority - Established

HB 1452 establishes the Suitland Development Authority in Prince George’s County to revitalize the Suitland Road and Silver Hill Road intersection area, which has faced decades of underdevelopment and blight. The Authority will create neighborhood revitalization plans with resident input, modify project boundaries (subject to a vote), manage finances, and operate tax-exempt under certain conditions. It directly affects residents and businesses in this specific neighborhood by aiming to boost economic activity, reduce unemployment, retain existing businesses, and increase property tax revenue for the county and state. The bill creates a new government entity focused on targeted neighborhood redevelopment, not broader policy changes.

Topics ✓ Budget & TaxesSupports Budget & TaxesBill establishes tax-exempt authority for economic development, providing tax relief for the Suitland project area and enabling fiscal management through tax-exempt operations.90% confidence ✓ HousingSupports HousingBill establishes Suitland Development Authority to revitalize blighted neighborhood area, directly advancing housing development through neighborhood revitalization plans.80% confidence ✓ TransportationSupports TransportationBill establishes Suitland Development Authority to revitalize Suitland/Silver Hill Road intersection, directly improving road infrastructure and addressing blight at a key transportation corridor.90% confidence

Sub-Topics Property Tax Revenue Community Development Property Development Property Taxes Roads & Highways Tags Economic Development

signed · Maryland · House of Delegates May 12, 2026

HB 898: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

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.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands tax credits (Job Creation, R&D, film) and streamlines incentives, directly advancing economic development funding via tax policy.90% confidence ✓ TechnologySupports TechnologyBill includes R&D tax credits, a direct incentive for technology innovation and advancement, supporting tech industry growth.80% confidence

Sub-Topics Business Taxes Tax Credits Tax Incentives Tags Economic Development

signed · Maryland · Senate May 12, 2026

SB 388: Economic Development - Delivering Economic Competitiveness and Advancing Development Efforts (DECADE) Act

SB 388, the DECADE Act, reorganizes Maryland's economic development programs to streamline administration and adjust eligibility for tax incentives. It redesignates the Economic Development Opportunities Program Account as the Strategic Closing Fund within the Department of Commerce, alters how video lottery proceeds are distributed, and modifies rules for several tax credits - including Job Creation, Research and Development, and film production credits - to expand access for businesses and investors. Key changes include allowing pass-through entities to allocate biotechnology tax credits differently, enabling film producers to amend credit applications, and extending the Build Our Future Grant Pilot Program. The bill directly affects businesses seeking economic development tax credits and state agencies managing these programs.

Topics ✓ Budget & TaxesSupports Budget & TaxesExpands business tax credits (Job Creation, R&D, film) via restructured incentives, advancing economic development funding mechanisms without defunding or restricting.90% confidence

Sub-Topics Business Taxes Tax Incentives Tags Economic Development

in committee · Maryland · House of Delegates Jan 24, 2026

HB 369: Prince George's County - Property Tax Credit - New Businesses PG 407-26

HB 369 authorizes Prince George's County to offer a property tax credit to new businesses that create 10 or more full-time jobs in industries targeted for growth by the county's economic development agency. The credit applies to property owned or leased by qualifying businesses and cannot exceed 10 years. County officials would determine the credit amount, duration, and additional eligibility rules through local law. The credit becomes effective for tax years beginning after June 30, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesAuthorizes property tax credit for new businesses, reducing tax burden and supporting economic development through targeted tax relief.95% confidence

Sub-Topics Property Tax Tax Credits Tax Incentives Tags Economic Development

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in committee · Maryland · House of Delegates Feb 3, 2026

HB 506: Economic Development - Transformational Project Financing Program - Establishment

HB 506 establishes the Transformational Project Financing Program under Maryland's Economic Development Corporation. It allows local governments (political subdivisions) to apply for designation of specific areas as "State-supported development districts" to fund major development projects. The key mechanism redirects property tax revenue from increased property values ("tax increment") within these districts into a dedicated fund, rather than the general municipal budget, for approved projects. Priority areas include sustainable communities, transit-oriented developments, and designated enterprise zones. This program modifies existing law to create a structured process for economic development financing through tax increment funding.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects tax increment revenue into dedicated project funds, promoting fiscal management for economic development without impacting general budgets.90% confidence

Sub-Topics Property Tax Revenue Tax Incentives Tags Economic Development

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signed · Maryland · House of Delegates May 12, 2026

HB 135: Economic Development - Tax Increment Financing - Noncontiguous Areas

HB 135 allows local governments in Maryland to designate *noncontiguous* areas as development districts for tax increment financing (TIF). This means political subdivisions (like counties or cities) can now create TIF zones that include separate, disconnected parcels of land - not just connected areas - under new provisions in Section 12-201(i)(1). The bill modifies existing law to explicitly permit this by redefining "development district" to include noncontiguous areas and updating related sections (e.g., 12-203). It directly affects local governments seeking to use TIF for economic development projects across multiple, non-adjacent sites. The law takes effect October 1, 2026.

Topics ✓ Budget & TaxesSupports Budget & TaxesEnables local governments to use tax increment financing (TIF) for noncontiguous development zones, strengthening fiscal tools for economic development funding under budget management.85% confidence

Sub-Topics Tax Incentives Tags Economic Development

passed · Maryland · Senate Mar 24, 2026

SB 455: Economic Development - Transformational Project Financing Program - Establishment

SB 455 establishes the Transformational Project Financing Program to help local governments fund large-scale development projects in designated areas. It allows counties or cities to apply to the Maryland Economic Development Corporation for "State-supported development district" status, requiring them to redirect property tax increases (tax increment) from these areas into a special fund instead of the general budget. This fund finances projects in priority areas like sustainable communities, transit-oriented developments, and designated enterprise zones. The bill creates new rules for calculating state revenue contributions and managing bond proceeds specifically for these designated districts.

Topics ✓ Budget & TaxesSupports Budget & TaxesRedirects property tax increments to a special fund for development projects, promoting targeted fiscal management and strategic spending on priority areas.90% confidence ✓ HousingSupports HousingBill creates tax increment fund for development projects in sustainable communities, directly supporting housing development priorities without restricting tenant rights or affordability.85% confidence

Sub-Topics Property Tax Revenue Tax Incentives Housing Finance Property Development Property Taxes Tags Economic Development

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in committee · Maryland · Senate Feb 3, 2026

SB 372: Community Development - Maryland New Markets Development Program - Establishment

SB 372 establishes Maryland's New Markets Development Program to incentivize private investment in low-income communities. It creates a refundable tax credit against state income tax and certain insurance taxes for investors who make qualified equity investments in Maryland-based community development entities serving low-income areas. The credit provides 5% of the investment amount for the first three years and 8.75% for the next four years, totaling seven years. This directly affects investors, community development entities, and qualifying low-income businesses that receive capital to support job creation and economic development in underserved areas.

Topics ✓ Budget & TaxesSupports Budget & TaxesCreates refundable tax credits (5-8.75%) for investors in low-income communities, incentivizing private investment through tax relief to fund community development.95% confidence ✓ HousingSupports HousingCreates tax credits to incentivize private investment in low-income community development, directly funding affordable housing initiatives in underserved areas.95% confidence

Sub-Topics Income Tax Tax Credits Tax Incentives Community Development Property Development Tags Economic Development

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