Bill > HB1085

This bill modifies Maryland's housing authority tax-exempt property regulations by broadening the definition of a "Housing Authority Entity" to include any entity controlled or wholly owned by a housing authority, or in which a housing authority has an ownership interest. The bill expands tax exemption provisions for properties owned by housing authorities and their related nonprofit entities, specifically for properties used as housing for eligible income individuals. Under the new provisions, such properties will be exempt from state and local property taxes, and the housing authorities will be required to make payments in lieu of taxes (PILOT) through mutual agreement with the local political subdivision. The bill removes previous specific references to individual housing authorities like Baltimore, Howard County, and Montgomery County, instead creating a more generalized framework that applies to all housing authorities in the state. The changes will take effect on June 1, 2025, and will be applicable to all taxable years beginning after June 30, 2025, providing a consistent approach to tax exemptions for housing authority-related real estate across Maryland.

Budget and Finance, Transportation and Infrastructure

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1085?ys=2025RS