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SB 137

Maryland Senate bill in Session 2026.

Status: introduced. Latest action: May 15, 2026.

Personal Property Tax - Exemptions for Low Assessment - Alteration.

Bill ID MD-2026-SB-137
Session 2026
Status introduced
Committee Budget and Taxation
Senate introduced 2026-05-15
Summary

Altering exemptions from the personal property tax for business personal property that has a total original cost below $20,000 by repealing provisions of law that prohibit the State Department of Assessments and Taxation from collecting information or requiring the submission of a personal property tax return from certain businesses that qualify for the exemptions; and applying the Act to all taxable years beginning after June 30, 2026.

Sponsor
Chair, Budget and Taxation Committee
Official Source Back to Bills
Actions Timeline
Date Event Detail
2026-01-14 Introduced Bill introduced
2026-01-14 Status introduced
2026-05-15 Latest Action In the Senate - Hearing 1/21 at 10:00 a.m.
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