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MarylandSB 07562026 Regular SessionSenate

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

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

Property tax relief for downtown projects

Beginning April 14, 2026, owners of new or rehabbed projects in Baltimore’s Downtown RISE District can lower city property taxes. You can sign a payment-in-lieu-of-taxes agreement with the Baltimore City Board of Estimates. The agreement sets your yearly payment instead of the normal tax bill. Eligible uses include hotel, office, retail, multifamily housing, or mixed-use. Locations are Ward 4 Precincts 1–3, Ward 22 Precincts 1–2, and Ward 21 Precinct 5.

Deadlines and proof for property tax deals

To get this tax break, you must show proof of a city economic analysis. The Board of Estimates must accept that analysis. It must find the exemption is financially needed. Apply by June 30, 2036. By that date, you must have building permits. By that date, you must meet or waive all financing conditions for construction.

Property tax relief ends 2036; deals continue

The law takes effect April 14, 2026. The power to start new property tax deals ends April 14, 2036. Any deal signed before that date stays in force for its full term.

Sponsors & Cosponsors

Sponsor

  • Cory V. McCray

    Democratic • Senate

Cosponsors

There are no cosponsors for this bill.

Roll Call Votes

All Roll Calls

Yes: 218 • No: 7

Senate vote • 4/8/2026

Third Reading Passed

Yes: 43 • No: 0 • Other: 3

House vote • 4/7/2026

Third Reading Passed

Yes: 130 • No: 7 • Other: 1

Senate vote • 3/19/2026

Third Reading Passed

Yes: 45 • No: 0

Actions Timeline

  1. Approved by the Governor - Chapter 146

    4/14/2026

  2. Passed Enrolled

    4/8/2026Senate

  3. Third Reading Passed (43-0)

    4/8/2026Senate

  4. Senate Concurs House Amendments

    4/8/2026Senate

  5. Third Reading Passed (130-7)

    4/7/2026House

  6. Second Reading Passed with Amendments

    4/3/2026House

  7. Favorable with Amendments {853523/1 Adopted

    4/3/2026House

  8. Favorable with Amendments Report by Ways and Means

    4/2/2026House

  9. Hearing 3/31 at 1:00 p.m.

    3/23/2026House

  10. Referred Ways and Means

    3/20/2026House

  11. Third Reading Passed (45-0)

    3/19/2026Senate

  12. Second Reading Passed with Amendments

    3/16/2026Senate

  13. Favorable with Amendments {723126/1 Adopted

    3/16/2026Senate

  14. Favorable with Amendments Report by Budget and Taxation

    3/16/2026Senate

  15. Hearing 3/03 at 1:30 p.m.

    2/11/2026Senate

  16. First Reading Budget and Taxation

    2/6/2026Senate

Bill Text

  • Enacted

    4/14/2026

    PDF

  • Enrolled

    4/8/2026

    PDF

  • Third Reading

    3/16/2026

    PDF

  • First Reading

    2/11/2026

    PDF

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