Bill > HB292

This bill alters how local governments in Maryland, including counties and Baltimore City, are required to reimburse the State Department of Assessments and Taxation for the costs associated with administering property and business personal property valuations, as well as the costs of the Office of Information Technology. Specifically, it changes the payment schedule for these reimbursements, moving away from a quarterly payment of 25% of a jurisdiction's share to a new schedule where 50% is due on October 1, 25% on January 1, and 25% on April 1. The bill also clarifies that the Comptroller has the authority to withhold local income tax distributions from any jurisdiction that fails to make these payments on time, and it sets an effective date of June 1, 2026, for these changes.

Budget and Finance

Ways and Means (House)

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0292?ys=2026RS