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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

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

Housing projects gain tax credit priority

Beginning July 1, 2026, the law applies new rules to initial catalytic revitalization tax credit certificates issued from that date forward. Maryland’s housing secretary must consult the state commerce department and set application rules emphasizing affordable or workforce housing. The rules must also cover construction and rehabilitation cost certification and approval of project phases. Workforce housing projects must have at least 20% of their residential units qualify as workforce housing. Workforce rental housing must be affordable to households earning 50%–100% of area median income. Workforce homes for purchase must be affordable to households earning 60%–120% of area median income. In target areas designated for the Maryland Mortgage Program, the homeownership range is 60%–150%. The priority does not guarantee a certificate or set a credit amount.

New tax credit rules for redevelopment

Beginning July 1, 2026, Maryland changes redevelopment rules for initial catalytic revitalization tax credit certificates issued on or after that date. Eligible properties must be in Maryland, out of service, and formerly used as colleges, K–12 schools, hospitals, mental health facilities, or military facilities or installations. Major rehabilitation must support economic, housing, and community development in the surrounding community. Former state or federal ownership is no longer required. Being in or near a transit-oriented development no longer provides a separate way to qualify.

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

    Democratic • House

  • N. Scott Phillips

    Democratic • House

  • Jared Solomon

    Democratic • House

  • Sean A. Stinnett

    Democratic • House

  • Sarah Wolek

    Democratic • House

Roll Call Votes

All Roll Calls

Yes: 169 • No: 8

Senate vote • 4/13/2026

Third Reading Passed

Yes: 46 • No: 0 • Other: 1

House vote • 3/18/2026

Third Reading Passed

Yes: 123 • No: 8 • Other: 5

Actions Timeline

  1. Approved by the Governor - Chapter 310

    4/28/2026

  2. Returned Passed

    4/13/2026House

  3. Third Reading Passed (46-0)

    4/13/2026Senate

  4. Second Reading Passed

    4/9/2026Senate

  5. Favorable Adopted

    4/9/2026Senate

  6. Favorable Report by Budget and Taxation

    4/9/2026Senate

  7. Hearing 4/01 at 1:15 p.m.

    3/25/2026Senate

  8. Referred Budget and Taxation

    3/19/2026Senate

  9. Third Reading Passed (123-8)

    3/18/2026House

  10. Second Reading Passed with Amendments

    3/18/2026House

  11. Favorable with Amendments {873422/1 Adopted

    3/18/2026House

  12. Favorable with Amendments Report by Ways and Means

    3/18/2026House

  13. Hearing 3/05 at 1:00 p.m.

    2/12/2026House

  14. First Reading Ways and Means

    2/12/2026House

Bill Text

  • Enacted

    4/28/2026

    PDF

  • Third Reading

    3/18/2026

    PDF

  • First Reading

    2/12/2026

    PDF

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