Bill > HB745

This bill makes a tax credit for certain Maryland residents who are at least 65 years old refundable, meaning that if the credit amount is more than the state income tax owed, the taxpayer can receive the difference as a refund. The bill modifies existing law by removing a provision that prevented unused credit amounts from being carried over to other tax years and inserting language that allows eligible taxpayers to claim a refund for any excess credit. This change applies to taxable years beginning after December 31, 2025.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0745?ys=2026RS