Bill > HB907

This bill modifies the property tax credit for urban agricultural property in Maryland by expanding the definition and requirements for the tax credit. The bill broadens the definition of "urban agricultural purposes" to include additional activities such as producing value-added agricultural products, beekeeping, raising livestock, composting, creating pollinator habitats, agricultural education, and agritourism. The bill removes previous size and location restrictions, specifying only that the property must not be assessed as agricultural land. The tax credit, which can be granted by Baltimore City, counties, or municipal corporations, will continue to be valid for 5 years, with a mandatory evaluation after 3 years. If a jurisdiction determines the tax credit is ineffective, it may terminate the credit, but must provide at least one year's notice and allow for public comment and appeal. Jurisdictions can now prioritize renewals based on their specific local priorities. The bill will take effect on June 1, 2025, and apply to taxable years beginning after June 30, 2025, providing local governments more flexibility in supporting urban agricultural initiatives.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0907?ys=2025RS