Bill > HB547

This bill modifies Maryland's income tax law to expand the definition of "enhanced agricultural management equipment" for subtraction modification purposes, meaning farmers can deduct more expenses related to certain equipment from their taxable income. Specifically, it allows the Secretary of Agriculture to designate additional equipment as qualifying for this tax benefit through regulations, in addition to the existing categories like no-till planters, manure injection equipment, and GPS devices for nutrient management. This change is intended to encourage the adoption of advanced farming practices that benefit the environment, such as reducing soil disturbance and nutrient runoff. The bill also clarifies that this expanded definition and the associated tax subtraction will apply to tax years beginning after December 31, 2025.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0547?ys=2026RS