Bill > SB698

This bill creates a sales and use tax exemption for construction materials and warehousing equipment purchased for use exclusively in the Mount Aetna Technology Park, a specific area in Washington County, Maryland. The exemption applies to items like building materials, building systems equipment, landscaping materials, supplies, racking systems, conveying systems, and computer systems used for material handling and storage. To qualify for the tax exemption, the buyer must purchase the materials or equipment solely for use in the designated target redevelopment area and provide evidence of eligibility to the vendor. The law defines "construction material" as tangible personal property used to construct or renovate a building or land improvement that typically loses its individual identity once incorporated into real property. The tax exemption will be in effect from July 1, 2025, and will remain valid for 10 years, automatically expiring on June 30, 2035, without requiring further legislative action. This targeted tax exemption is designed to incentivize development and investment in the specified technology park area.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0698?ys=2025RS