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Sunday, May 10, 2026

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MD · HB1427In committee

Property Tax Credits - Renters' Tax Credit, Homeowners' Tax Credit, and Homestead Tax Credit - Altering Eligibility and Amount

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Plain-English Summary

Altering eligibility for the renters' tax credit; altering the calculation of and the maximum amount of the renters' tax credit for certain taxable years; altering the eligibility for and the calculation of the homeowners' tax credit for certain taxable years; making homeowners with a federal adjusted gross income greater than $300,000 ineligible for the homestead property tax credit; and applying the Act to all taxable years beginning after June 30, 2027.

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