HB5Introduced in the House of Delegates
Community Development - Maryland New Markets Development Program - Establishment
Introduced by Kris Fair, District 3
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
Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.
Where it stands
Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
January 29, 2026
How did lawmakers vote?
No recorded vote is available for this bill yet.
What do people think?
Citizen Voice
How would you vote on this bill?
An unofficial public opinion poll. It does not affect the bill or the official vote.
One response per device. Location is self-reported and not verified. Results are informal and not a scientific survey.
Bill history
Pre-filed
First Reading Economic Matters and Ways and Means
Hearing 2/12 at 1:00 p.m. (Economic Matters)
Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing 2/05 at 1:00 p.m. (Ways and Means)
Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
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