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MarylandHB 05852025 Regular SessionHouse

Property Tax - Low-Income Housing Tax Credit - Valuation of Property

Sponsored By: Julie Palakovich Carr (Democratic)

Signed by Governor

Taxes - PropertyAssessments -see also- Property TaxCommercial PropertyCounties -see also- Chartered Counties; Code Counties; etc.Housing and Community Development, Department ofLow-IncomeNoticesProperty TaxResidential Property -see also- Apartments; CondominiumsTax Credits

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Bill Overview

Analyzed Economic Effects

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

New agency notices for housing tax credits

Beginning June 1, 2025, Maryland’s housing department must report qualifying low-income housing tax credit awards to the state assessment agency. This covers commercial property developed under Section 42 of the federal tax code. Notice is due within 30 days after closing and the required agreement governing the credit is signed and delivered. The rule applies to tax years beginning after June 30, 2025. It supports property tax assessments without creating a direct household benefit or a new reporting duty for property owners.

Sponsors & Cosponsors

Sponsor

  • Julie Palakovich Carr

    Democratic • House

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 182 • No: 4

Senate vote • 4/2/2025

Third Reading Passed

Yes: 46 • No: 0 • Other: 1

House vote • 3/11/2025

Third Reading Passed

Yes: 136 • No: 4

Actions Timeline

  1. Approved by the Governor - Chapter 67

    4/8/2025

  2. Returned Passed

    4/2/2025House

  3. Third Reading Passed (46-0)

    4/2/2025Senate

  4. Favorable Adopted Second Reading Passed

    3/27/2025Senate

  5. Favorable Report by Budget and Taxation

    3/27/2025Senate

  6. Referred Budget and Taxation

    3/12/2025Senate

  7. Third Reading Passed (136-4)

    3/11/2025House

  8. Second Reading Passed with Amendments

    3/5/2025House

  9. Favorable with Amendments {113926/1 Adopted

    3/5/2025House

  10. Favorable with Amendments Report by Ways and Means

    3/4/2025House

  11. Hearing 2/11 at 1:00 p.m.

    1/28/2025House

  12. First Reading Ways and Means

    1/23/2025House

Bill Text

  • Enacted

    4/8/2025

    PDF

  • Third Reading

    3/5/2025

    PDF

  • First Reading

    1/23/2025

    PDF

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