MarylandHB 04722026 Regular SessionHouseWALLET

Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

Sponsored By: Jessica Feldmark (Democratic)

Signed by Governor

Taxes - IncomeArt, Music, and Cultural Affairs -see also- EthAff; Mus; etcCommerce, Department ofIncome TaxSunsetTax CreditsTheaters

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Bill Overview

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Refundable credit for Maryland theater

Qualified theatrical production entities in Maryland can claim a state income tax credit equal to the amount on an approved certificate. If the credit is larger than the entity’s state tax bill, the state pays a refund for the difference. This credit is available from July 1, 2026 through June 30, 2032.

Credit caps and timeline for theater

The Secretary can approve up to $5 million in credits each fiscal year. Unused amounts carry forward, but total carryforward from all prior years cannot exceed $20 million. Any single production can get no more than $2 million in credits. A qualified facility must be located in Maryland. The program applies to taxable years starting after December 31, 2021 and before January 1, 2032, takes effect July 1, 2026, and ends June 30, 2032.

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Sponsors & Cosponsors

Sponsor

Jessica Feldmark
Democratic • House

Cosponsors

Gabriel Acevero
Democratic • House
Nick Allen
Democratic • House
Regina T. Boyce
Democratic • House
Derrick Coley
Democratic • House
Terri L. Hill
Democratic • House
Julian Ivey
Democratic • House
Mary A. Lehman
Democratic • House
Robbyn Lewis
Democratic • House
Kim Ross
Democratic • House
Jared Solomon
Democratic • House
Jen Terrasa
Democratic • House
Karen Toles
Democratic • House
Chris Tomlinson
Republican • House
Ron Watson
Democratic • Senate
Natalie Ziegler
Democratic • House

Roll Call Votes

All Roll Calls

Yes: 163 • No: 15

Senate vote • 4/3/2026

Third Reading Passed

Yes: 42 • No: 1 • Other: 4

House vote • 3/23/2026

Third Reading Passed

Yes: 121 • No: 14 • Other: 6

Actions Timeline

Approved by the Governor - Chapter 18
4/14/2026
Returned Passed
4/3/2026House
Third Reading Passed (42-1)
4/3/2026Senate
Second Reading Passed
4/1/2026Senate
Favorable Adopted
4/1/2026Senate
Favorable Report by Budget and Taxation
4/1/2026Senate
Hearing 3/31 at 1:00 p.m.
3/25/2026Senate
Referred Budget and Taxation
3/23/2026Senate
Third Reading Passed (121-14)
3/23/2026House
Second Reading Passed with Amendments
3/21/2026House
Favorable with Amendments {973425/1 Adopted
3/21/2026House
Favorable with Amendments Report by Ways and Means
3/21/2026House
Hearing 2/12 at 1:00 p.m.
1/23/2026House
First Reading Ways and Means
1/23/2026House

Bill Text

Enacted
4/14/2026
PDF
Third Reading
3/21/2026
PDF
First Reading
1/23/2026
PDF

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