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HB 5

Maryland - Session 2026

House of Delegates introduced 2026-04-10
Bill Details

Title: Community Development - Maryland New Markets Development Program - Establishment

Summary

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.

Sponsor
Delegate Fair
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-14 Introduced Bill introduced
2026-01-14 Status introduced
2026-04-10 Latest Action In the House - Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
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