Bill > SB194

This bill extends certain income and property tax incentives, previously available to members and veterans of the military, naval, or air service, to include members, veterans, and their surviving spouses of the Space Force. Specifically, it amends laws related to the job creation tax credit and various property tax credits and exemptions to recognize service in the Space Force, which is a branch of the U.S. Armed Forces established in 2019. The bill clarifies definitions to include "SPACE service" in relation to active duty, military service, and veteran status, ensuring that individuals serving in the Space Force are eligible for the same benefits as those in other branches of the military. These changes will become applicable for taxable years beginning after December 31, 2025, for income tax credits and after June 30, 2026, for property tax credits, with the entire act taking effect on July 1, 2026.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0194?ys=2026RS