# Maryland SB 0623: St. Mary's County - Public Facilities Bond Maryland SB 0623, St. Mary's County - Public Facilities Bond, is a 2025 Regular Session Senate bill sponsored by Jack Bailey (Republican); status signed, last action 2025-05-06 (Approved by the Governor - Chapter 408) (as of 2026-10-19). - Canonical: https://policyrisk.com/state-bill/MD-SB0623-2025RS - As of: 2026-10-19 - Plain-text twin of the page above; the HTML and this file carry the same facts. ## Facts - Bill: Maryland SB 0623 - State: Maryland - Session: 2025 Regular Session - Title: St. Mary's County - Public Facilities Bond - Status: signed - Chamber: Senate - Introduced: 2025-01-29 - Last action: 2025-05-06, Approved by the Governor - Chapter 408 - Sponsor: Jack Bailey (Republican) - Cosponsors: 0 - Subjects: Local Debt (Bond Bills), Advertising, Banks and Trust Companies, Bridges and Tunnels, Community Colleges, County and Baltimore City Bonds, Erosion -see also- Shore Erosion, Exemptions, Fiduciaries, Flood Control, Forests and Parks -see also- MdNatlCapPkPlnCm; Plants; etc., Health -see also- COVID19; EnvHlth; MedCon; etc., Highways, Interest, Libraries -see also- Archives, News Media, Notices, Piers and Docks -see also- Marinas; Ports, Publications -see also- Maryland Register; Textbooks, Public Buildings and Facilities -see also- Stadiums; St Hse, Public Schools -see also- Primary Schools; Secondary Sch, Public Works -see also- Brg&Tun; Hwys; PublBlgFac; etc., Real Property, Recycling, Refuse Disposal -see also- Recycling, Revenue and Taxes -see also- (specific tax), Safety -see also- Occupational Safety, Securities, Signatures, Social Services -see also- Public Benefits, Sports and Recreation, St. Mary's County, Swimming Pools - Touches household money: no - Roll calls: 2 (184 yes, 0 no in all) - Economic provisions PRIA read: 3 ## Summary No summary available. ## Bill overview: provisions PRIA read - County Bond Investors Get Maryland Tax Exemptions: benefit, low. Beginning June 1, 2025, bonds 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 the bonds. Federal tax treatment is separate: the County can issue bonds whose interest remains… - St. Mary’s County Can Fund Facilities: benefit, low. Beginning June 1, 2025, St. Mary’s County can borrow up to $71 million to buy, build, or improve public facilities. Each bond must mature within 30 years. Net bond money must fund the facilities for which it was borrowed. Extra money goes toward bond payments or retirement, unless a county resoluti… - St. Mary’s Property Taxes Back Bonds: cost, medium. Beginning June 1, 2025, St. Mary’s County must levy property taxes each fiscal year these bonds remain unpaid. Taxes on all taxable property must cover the yearly principal and interest. Any shortfall requires additional taxes the next fiscal year. Qualifying funds received or due from other source… ## Sponsors and cosponsors - Sponsor: Jack Bailey (Republican), Senate ## Roll call votes | Date | Chamber | Motion | Result | Yes | No | Other | | --- | --- | --- | --- | --- | --- | --- | | 2025-04-07 | House | Third Reading Passed | pass | 137 | 0 | 3 | | 2025-03-12 | Senate | Third Reading Passed | pass | 47 | 0 | | ## Actions (13) - 2025-05-06: Approved by the Governor - Chapter 408 - 2025-04-07: Returned Passed (Senate) - 2025-04-07: Third Reading Passed (137-0) (House) - 2025-04-04: Favorable Adopted Second Reading Passed (House) - 2025-04-04: Favorable Report by Appropriations (House) - 2025-03-19: Hearing 3/25 at 1:00 p.m. (House) - 2025-03-13: Referred Appropriations (House) - 2025-03-12: Third Reading Passed (47-0) (Senate) - 2025-03-11: Second Reading Passed (Senate) - 2025-03-11: Favorable Adopted (Senate) - 2025-03-10: Favorable Report by Budget and Taxation (Senate) - 2025-01-30: Hearing 2/18 at 1:00 p.m. (Senate) - 2025-01-29: First Reading Budget and Taxation (Senate) ## Bill text - Enacted, 2025-05-06: [PDF](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_408_sb0623t.pdf) - Third Reading, 2025-03-11: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0623t.pdf) - First Reading, 2025-01-29: [PDF](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0623f.pdf) ## Related bills - SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions (vetoed) - HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination Review Process (vetoed) - HB 0384: Maryland Disability Service Animal Program - Established (vetoed) - SB 0157: Maryland Disability Service Animal Program - Established (vetoed) - HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization (became law) - HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard (signed) ## Sources - [Enacted (PDF)](https://mgaleg.maryland.gov/2025RS/Chapters_noln/CH_408_sb0623t.pdf) - [Third Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0623t.pdf) - [First Reading (PDF)](https://mgaleg.maryland.gov/2025RS/bills/sb/sb0623f.pdf) ## Related - [SB 0227: Workers' Compensation - Payment From Uninsured Employers' Fund - Revisions](https://policyrisk.com/state-bill/MD-SB0227-2025RS) - [HB 0482: Occupational Licensing and Certification - Criminal History - Predetermination…](https://policyrisk.com/state-bill/MD-HB0482-2025RS) - [HB 0384: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-HB0384-2025RS) - [SB 0157: Maryland Disability Service Animal Program - Established](https://policyrisk.com/state-bill/MD-SB0157-2025RS) - [HB 1294: Commercial Law - Credit Regulation - Earned Wage Access and Credit Modernization](https://policyrisk.com/state-bill/MD-HB1294-2025RS) - [HB 0228: Maryland Veterans Trust – Assistance to Members of the Maryland National Guard](https://policyrisk.com/state-bill/MD-HB0228-2025RS) - [Maryland bills](https://policyrisk.com/states/maryland/bills) - [Maryland state hub](https://policyrisk.com/states/maryland) - [All state legislation](https://policyrisk.com/state-bills) Source: PRIA, https://policyrisk.com/state-bill/MD-SB0623-2025RS (as of 2026-10-19).