Bill
Bill > HB840
summary
Introduced
02/04/2026
02/04/2026
In Committee
02/04/2026
02/04/2026
Crossed Over
Passed
Dead
Introduced Session
2026 Regular Session
Bill Summary
hb843Authorizing the Mayor and City Council of Baltimore City and the governing body of a county or municipal corporation to grant, by law, a credit against the county or municipal corporation property tax imposed on a commercial building that is rented or rented to own at fair market value to a small business if the commercial building is located in a designated arts and entertainment district or Main Street Maryland community.
AI Summary
This bill allows the Mayor and City Council of Baltimore City, or the governing body of a county or municipal corporation, to offer a property tax credit on commercial buildings to small businesses. This credit would apply to the local property tax imposed on a commercial building that is rented or rented-to-own at fair market value to a small business, provided the building is located within a designated Arts and Entertainment District or a Main Street Maryland community. The bill also permits these local governments to establish the amount and duration of the tax credit, along with any additional eligibility requirements, application procedures, and other necessary provisions to implement this credit.
Committee Categories
Budget and Finance
Sponsors (3)
Last Action
House Ways and Means Hearing (13:00:00 2/17/2026 ) (on 02/17/2026)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0840?ys=2026RS |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0840f.pdf |
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