SB372Introduced in the Senate
Community Development - Maryland New Markets Development Program - Establishment
Introduced by Cory McCray, District 45
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 2/11 at 2:00 p.m.
February 3, 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?
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Bill history
First Reading Budget and Taxation
Hearing 2/11 at 1:00 p.m.
Hearing canceled
Hearing 2/11 at 2:00 p.m.
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