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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
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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