MarylandWicomico local governments can grant housing group property tax credits
Salisbury Neighborhood Housing Services, Inc., can receive property tax credits on eligible properties if Wicomico County or a town or city within it approves them by law.
What it does
Wicomico local governments may approve property tax credits for Salisbury Neighborhood Housing Services, Inc., on property it develops and repairs with plans to transfer ownership in the near future. Properties occupied by its administrative or warehouse buildings are excluded.
Argument forA locally approved credit could lower the group's tax costs while it develops and repairs properties for transfer to private owners.
Argument againstIf local governments approve the credit, they could collect less property tax revenue from the group's eligible properties.
More detail
Wicomico County or a town or city within it may pass a law granting a credit against its own property taxes. Eligible property must belong to Salisbury Neighborhood Housing Services, Inc., and be used for development, repairs, and transfer to a private owner. The group must intend to give up ownership in the near future. If granted a credit, the group must submit an annual written report listing all its property holdings and property transactions within the jurisdiction granting it. Local governments may set the credit's amount, terms, scope, and duration by law. The law took effect June 1, 2026, and applies to taxable years beginning after June 30, 2026.
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Where it stands
- Introduced
- Passed House
- Passed Senate
- To Governor
- Became Law
Looking ahead
No hearings or votes scheduled.
History
- 2026
- May 26Approved by the Governor Wes Moore - Chapter 711Became Law
- Apr 8Returned Passed
- Apr 8Third Reading PassedPassed Senate
- Apr 1Favorable Adopted Second Reading PassedMinor
- Apr 1Favorable Report by Budget and TaxationMinor
- Mar 20Referred Budget and TaxationMinor
- Mar 19Third Reading PassedPassed House
- Mar 19Favorable Adopted Second Reading PassedMinor
- Mar 19Favorable Report by Ways and MeansMinor
- Mar 7
- Vote recorded On Third Reading. Result: pass.Lower
- Feb 5Hearing 2/24 at 1:00 p.m.
- Feb 5Hearing canceled
- Feb 5Hearing 2/17 at 1:00 p.m.
- Feb 4First Reading Ways and MeansIntroduced
HousingTaxes & Budget