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MarylandHB 09272026 Regular SessionHouse

Carroll County - Public Facilities Bond

Sponsored By: Sponsor information unavailable

Signed by Governor

Local Debt (Bond Bills)AdvertisingBanks and Trust CompaniesBridges and TunnelsBuilding Maintenance and RepairCarroll CountyCommunity CollegesConservation -see also- Soil ConservationConstructionCounty and Baltimore City BondsCounty CommissionersDebt ManagementEasementsEmergency Services -see also- Ambul; Emergencies; etc.Equipment -see also- Charging; Med. Equip.; MV Equip; etc.ExemptionsFarmlandFederal Aid -see also- CARES ActFinancial Institutions -see also- Banks; Credit Unions; etc.Fire ProtectionForests and Parks -see also- MdNatlCapPkPlnCm; Plants; etc.General Assembly -see also- AELR Cmte; LegislativePolCmteHealth -see also- COVID19; EnvHlth; MedCon; etc.Health Care Facilities -see also- Clinics; Hospices; etcHighwaysIncome TaxInterestLibraries -see also- ArchivesLoans -see also- Credit; Mortgages; Scholarships&SFANews MediaNoticesOpen GovernmentPrices -see also- Consumer Price IndexProperty TaxPublications -see also- Maryland Register; TextbooksPublic Buildings and Facilities -see also- Stadiums; St HsePublic InformationPublic Schools -see also- Primary Schools; Secondary SchPublic Works -see also- Brg&Tun; Hwys; PublBlgFac; etc.Refuse Disposal -see also- RecyclingRevenue and Taxes -see also- (specific tax)Safety -see also- Occupational SafetySecuritiesSewageSignaturesSocial Services -see also- Public BenefitsState Aid -see also- Public BenefitsTimeVolunteersWater -see also- Coastal Bays; Riv,Str,Lks; Wastewater; etc.

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Bill Overview

Analyzed Economic Effects

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

Carroll County property taxes back bond repayment

Beginning June 1, 2026, Carroll County must tax all assessable property each year while these bonds remain unpaid. The taxes must cover bond principal and interest, backed by the County's full credit and unlimited taxing power. If a year's taxes fall short, the County must levy additional taxes the next fiscal year. Loan repayments, state or federal grants, and other qualifying funds received or receivable can reduce the required taxes. Property owners can face higher costs, but the law sets no household tax amount.

Maryland tax breaks for county bond investors

Beginning June 1, 2026, obligations issued under this law and their transfers are exempt from Maryland state and local taxes. The exemption also covers interest and other income, including profits from selling them. The County can issue bonds whose interest remains subject to federal income tax.

Carroll County gets new facility borrowing authority

Beginning June 1, 2026, Carroll County can borrow up to $27 million total for public facilities, including water and sewer projects. It can also use installment payments to buy farmland and woodland preservation easements. The County can finance volunteer fire department loans for emergency equipment, buildings, and facilities, and sets the loan terms. Bonds must mature within 30 years; borrowed money is restricted to approved uses, and excess money can repay debt or fund other approved projects. The County can refinance these bonds, including paying related interest and premiums, with refinancing proceeds held separately in trust. This supports local facilities but creates repayment costs; refinancing does not guarantee savings.

Sponsors & Cosponsors

Sponsors

There is no primary sponsor on record.

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 158 • No: 0

Senate vote • 4/9/2026

Third Reading Passed

Yes: 34 • No: 0

House vote • 3/21/2026

Third Reading Passed

Yes: 124 • No: 0 • Other: 9

Actions Timeline

  1. Approved by the Governor - Chapter 343

    4/28/2026

  2. Returned Passed

    4/10/2026House

  3. Third Reading Passed (34-0)

    4/9/2026Senate

  4. Second Reading Passed

    4/8/2026Senate

  5. Favorable Adopted

    4/8/2026Senate

  6. Favorable Report by Budget and Taxation

    4/8/2026Senate

  7. Referred Budget and Taxation

    3/23/2026Senate

  8. Third Reading Passed (124-0)

    3/21/2026House

  9. Favorable Adopted Second Reading Passed

    3/20/2026House

  10. Favorable Report by Appropriations

    3/20/2026House

  11. Hearing 3/18 at 12:45 p.m.

    3/18/2026House

  12. Hearing canceled

    3/18/2026House

  13. Hearing 3/18 at 1:00 p.m.

    2/17/2026House

  14. First Reading Appropriations

    2/5/2026House

Bill Text

  • Enacted

    4/28/2026

    PDF

  • Third Reading

    3/20/2026

    PDF

  • First Reading

    2/5/2026

    PDF

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