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HB1188Introduced in the House of Delegates

Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026)

IntroducedHouse Ways and Means

Introduced by Adrian Boafo, District 23

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

Imposing an excise tax on the acquisition and excess ownership of certain single-family residences in the State by certain entities; providing for the calculation, collection, and distribution of the excise tax; establishing the Down Payment and Settlement Expense Loan Program Fund, which may be used only to provide financing for down payment and settlement expenses to enable eligible homebuyers to purchase homes; etc.

Where it stands

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

February 12, 2026

How did lawmakers vote?

No recorded vote is available for this bill yet.

Bill history

  1. First Reading Ways and Means

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

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