All Roll Calls
Yes: 169 • No: 8
MarylandHB 12792026 Regular SessionHouseWALLET
Catalytic Revitalization Project Tax Credit - Alterations
Sponsored By: Malcolm P. Ruff (Democratic)
Signed by Governor
Taxes - IncomeEconomic DevelopmentApplicants and ApplicationsBoundariesCertificationsCommerce and Business -see also- ElectrComm; ForeignTr; etc.Community DevelopmentConstructionFederal GovernmentHousing and Community Development, Department ofHousing -see also- Apartments; Condos; Mobile & Manuf HomesIncome TaxLow-IncomeMass Transit -see also- Buses; RailroadsModerate-IncomeNonprofit OrganizationsRailroadsReal PropertyRules and RegulationsTax CreditsTimeTransportation -see also- Aircraft; Airports; Boats; etcWork, Labor, and Employment -see also- JobTrn; Leave; etc.
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Bill Overview
Analyzed Economic Effects
3 provisions identified: 1 benefits, 0 costs, 2 mixed.
How developers claim the 20% credit
The credit equals 20% of eligible costs. Initial certificates are 20% of estimated rehab plus qualifying new construction, and final certificates are 20% of actual costs. Counted new construction must connect, expand, or integrate existing structures and cannot exceed 50% of total project costs. For workforce housing projects, claim half of the workforce‑unit share in the year of the final certificate and half the next year. Claim one‑third of the non‑workforce share in each of the next three years. For phased projects, the Secretary may issue final certificates as phases finish; no single certificate may cover more than 20% of eligible expenses to date, and total credits must stay under the project’s cap. After a final certificate is issued, selling the project or an ownership interest does not trigger recapture. The Secretary may revoke an initial certificate for noncompliance and reaward that amount to another applicant. The Department adopts regulations, with Commerce, for cost certification, applications that emphasize affordable or workforce housing, and phase approvals. These rules apply to initial certificates issued on or after July 1, 2026.
Yearly applications and new $30M cap
The Secretary holds one application and award round each year. Total tax credit certificates issued in a year cannot exceed $30 million. The Secretary does not accept transit‑oriented development or workforce housing applications unless the Secretary certifies the State has not met housing production targets. These limits start July 1, 2026.
More rehab sites and workforce units qualify
Beginning July 1, 2026, more projects qualify for the catalytic revitalization tax credit. Eligible sites include major rehabs of out‑of‑service State or federal facilities and projects within or next to transit‑oriented development sites, or within a half mile of subway, light rail, or railroad stops. A workforce housing project means at least 20% of units are workforce housing. Workforce housing means rentals affordable to households at 50%–100% of area median income (AMI). For homeownership, it means 60%–120% of AMI, or up to 150% in Maryland Mortgage Program target areas the Secretary recognizes.
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Sponsors & Cosponsors
Sponsor
Malcolm P. Ruff
Democratic • House
Cosponsors
Gabriel Acevero
Democratic • House
Jackie Addison
Democratic • House
Marlon Amprey
Democratic • House
Frank M. Conaway
Democratic • House
Aaron M. Kaufman
Democratic • House
Lesley J. Lopez
Democratic • House
Ashanti Martinez
House
N. Scott Phillips
Democratic • House
Jared Solomon
Democratic • House
Sean A. Stinnett
Democratic • House
Sarah Wolek
Democratic • House
Roll Call Votes
Senate vote • 4/13/2026
Third Reading Passed
Yes: 46 • No: 0
House vote • 3/18/2026
Third Reading Passed
Yes: 123 • No: 8 • Other: 10
Actions Timeline
Approved by the Governor - Chapter 310
4/28/2026Returned Passed
4/13/2026HouseThird Reading Passed (46-0)
4/13/2026SenateSecond Reading Passed
4/9/2026SenateFavorable Adopted
4/9/2026SenateFavorable Report by Budget and Taxation
4/9/2026SenateHearing 4/01 at 1:15 p.m.
3/25/2026SenateReferred Budget and Taxation
3/19/2026SenateThird Reading Passed (123-8)
3/18/2026HouseSecond Reading Passed with Amendments
3/18/2026HouseFavorable with Amendments {873422/1 Adopted
3/18/2026HouseFavorable with Amendments Report by Ways and Means
3/18/2026HouseHearing 3/05 at 1:00 p.m.
2/12/2026HouseFirst Reading Ways and Means
2/12/2026House
Bill Text
Third Reading
3/18/2026
First Reading
2/12/2026
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