All Roll Calls
Yes: 218 • No: 7
MarylandSB 07562026 Regular SessionSenateWALLET
Baltimore City – Economic Development Project in Downtown RISE District – Payment in Lieu of Taxes
Sponsored By: Cory V. McCray (Democratic)
Signed by Governor
Taxes - PropertyApplicants and ApplicationsBaltimore CityBoundariesBuilding PermitsCommerce and Business -see also- ElectrComm; ForeignTr; etc.Commercial Rehabilitation -see also- EnterprZon; UrbRenCommittees and CommissionsCommunity DevelopmentConstructionContracts -see also- ProcurementEmergency BillsEnterprise ZonesExemptionsHotels and MotelsLoans -see also- Credit; Mortgages; Scholarships&SFAProperty TaxReal Estate -see also- Agents and BrokersReal PropertyReportsResidential Property -see also- Apartments; CondominiumsRevenue and Taxes -see also- (specific tax)SunsetWork, Labor, and Employment -see also- JobTrn; Leave; etc.
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Bill Overview
Analyzed Economic Effects
2 provisions identified: 0 benefits, 0 costs, 2 mixed.
Lower property taxes for Downtown RISE projects
Baltimore City can replace full property taxes with a set yearly payment for qualifying projects in the Downtown RISE District. Projects must be new or rehabbed hotels, offices, retail, multifamily, or mixed‑use buildings. They must be in Ward 4 (Precincts 1–3), Ward 22 (Precincts 1–2), or Ward 21 (Precinct 5). The Board of Estimates must approve a signed deal that sets one yearly payment instead of City property tax. The City or its agency must complete an economic analysis that shows the break is financially needed. Apply, have permits, and meet or waive all financing conditions by June 30, 2036.
When RISE tax deals start and end
The Governor approved the law on April 14, 2026, and it includes emergency language. Section 1 remains in effect for 10 years from that date and then ends unless re‑enacted. The act also states an effective date of July 1, 2026. Any tax deal signed before Section 1 ends stays in force for its full term.
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Sponsors & Cosponsors
Sponsor
Cory V. McCray
Democratic • Senate
Cosponsors
There are no cosponsors for this bill.
Roll Call Votes
Senate vote • 4/8/2026
Third Reading Passed
Yes: 43 • No: 0 • Other: 1
House vote • 4/7/2026
Third Reading Passed
Yes: 130 • No: 7 • Other: 4
Senate vote • 3/19/2026
Third Reading Passed
Yes: 45 • No: 0 • Other: 2
Actions Timeline
Approved by the Governor - Chapter 146
4/14/2026Passed Enrolled
4/8/2026SenateThird Reading Passed (43-0)
4/8/2026SenateSenate Concurs House Amendments
4/8/2026SenateThird Reading Passed (130-7)
4/7/2026HouseSecond Reading Passed with Amendments
4/3/2026HouseFavorable with Amendments {853523/1 Adopted
4/3/2026HouseFavorable with Amendments Report by Ways and Means
4/2/2026HouseHearing 3/31 at 1:00 p.m.
3/23/2026HouseReferred Ways and Means
3/20/2026HouseThird Reading Passed (45-0)
3/19/2026SenateSecond Reading Passed with Amendments
3/16/2026SenateFavorable with Amendments {723126/1 Adopted
3/16/2026SenateFavorable with Amendments Report by Budget and Taxation
3/16/2026SenateHearing 3/03 at 1:30 p.m.
2/11/2026SenateFirst Reading Budget and Taxation
2/6/2026Senate
Bill Text
Enacted
4/14/2026
Enrolled
4/8/2026
Third Reading
3/16/2026
First Reading
2/11/2026
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