MarylandLicensed small manufacturers get a local property tax exemption
Starting with taxable years beginning after June 30, 2026, licensed manufacturers with 50 or fewer employees in Prince George’s County owe no municipal or special district tax on covered property.
What it does
Manufacturing businesses in Prince George’s County with an alcoholic beverages manufacturer’s license and 50 or fewer employees owe no municipal or special district property tax on covered property, including inventory.
Argument forEligible manufacturers could keep more money for their business because covered property would be exempt from municipal and special district property taxes.
Argument againstSmall manufacturers without the required alcohol manufacturing license could miss this tax exemption, even if they have 50 or fewer employees.
More detail
The law exempts eligible manufacturers’ covered property from municipal and special district property taxes. This covers personal property, including manufacturing inventory, held by a manufacturing business in Prince George’s County that has the required license and employee count. The business must hold an alcoholic beverages manufacturer’s license and have 50 or fewer employees. The exemption includes special taxing district property tax. The law takes 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 806Became Law
- Apr 13Passed EnrolledTo Governor
- Apr 13Third Reading PassedMajor
- Apr 13House Concurs Senate Amendments
- Apr 10Third Reading PassedPassed Senate
- Apr 10Second Reading Passed with Amendments
- Apr 10Favorable with Amendments {Minor
- Apr 10Favorable with Amendments Report by Budget and TaxationMinor
- Mar 30
- Vote recorded On Third Reading and Final Passage (Hse concurred). Result: pass.Lower
- Mar 25Hearing 4/01 at 1:15 p.m.
- Mar 24
- Vote recorded On Third Reading (Amend). Result: pass.Upper
- Mar 23Referred Budget and TaxationMinor
- Mar 20Third Reading PassedPassed House
- Mar 19Second Reading Passed with Amendments
- Mar 19Favorable with Amendments {Minor
- Mar 19Favorable with Amendments Report by Ways and MeansMinor
- Mar 8
- Vote recorded On Third Reading. Result: pass.Lower
- Feb 11Hearing 3/03 at 1:00 p.m.
- Feb 11First Reading Ways and MeansIntroduced
Taxes & Budget