MD HB5 | 2026 | Regular Session
Status
Sponsorship: Partisan Bill (Democrat 2)
Status: Introduced on January 14 2026 - 25% progression
Action: 2026-01-29 - Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 14 2026 - 25% progression
Action: 2026-01-29 - Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
Pending: House Economic Matters Committee
Text: Latest bill text (Introduced) [PDF]
Summary
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.
Title
Community Development - Maryland New Markets Development Program - Establishment
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2026-01-29 | House | Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means) |
| 2026-01-26 | House | Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing 2/05 at 1:00 p.m. (Ways and Means) |
| 2026-01-19 | House | Hearing 2/12 at 1:00 p.m. (Economic Matters) |
| 2026-01-14 | House | First Reading Economic Matters and Ways and Means |
| 2025-10-31 | House | Pre-filed |
Same As/Similar To
SB372 (Crossfiled) 2026-02-03 - Hearing 2/11 at 2:00 p.m.
Subjects
Applicants and Applications
Certifications
Community Development
Federal Government
Fees
Housing and Community Development
Housing and Community Development, Department of
Insurance
Insurance - Other than Health
Insurance Administration
Investments
Low-Income
Notices
Penalties and Sentences
Reports
Tax Credits
Taxes - Miscellaneous
Time
Work, Labor, and Employment
Certifications
Community Development
Federal Government
Fees
Housing and Community Development
Housing and Community Development, Department of
Insurance
Insurance - Other than Health
Insurance Administration
Investments
Low-Income
Notices
Penalties and Sentences
Reports
Tax Credits
Taxes - Miscellaneous
Time
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Housing and Community Development | 4 | 3101 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3102 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3103 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3104 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3105 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3106 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3107 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3108 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3109 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3110 | (n/a) | See Bill Text |
| Housing and Community Development | 4 | 3111 | (n/a) | See Bill Text |
| Insurance | 6 | 123 | (n/a) | See Bill Text |
| Insurance | 6 | 306 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0005?ys=2026RS |
| Text | https://mgaleg.maryland.gov/2026RS/bills/hb/hb0005f.pdf |
