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Neutral Bill Mar 16, 2026

Community Development - Maryland New Markets Development Program - Establishment

Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.

https://legiscan.com/MD/bill/HB5/2026
Bill data from LegiScan, used under CC BY 4.0.
Kris Fair Delegate
Housing and Community Development Fees Investments INSURANCE Notices Certifications Tax Credits Federal Government Reports Work, Labor, and Employment Time Taxes - Miscellaneous Insurance - Other than Health Applicants and Applications Community Development Housing and Community Development, Department of Insurance Administration Low-Income Penalties and Sentences
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