DISSINTER

HB 5 — Maryland

Community Development - Maryland New Markets Development Program - Establishment

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.

Latest action: Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means) · Jan 29, 2026

In committeeApplicants and ApplicationsCertificationsCommunity DevelopmentFederal GovernmentFeesHousing and Community DevelopmentHousing and Community Development, Department ofInsuranceInsurance - Other than HealthInsurance AdministrationInvestmentsLow-IncomeNoticesPenalties and SentencesReportsTax CreditsTaxes - MiscellaneousTimeWork, Labor, and Employment

Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.

Committees: Economic Matters (House of Delegates); Ways and Means (House of Delegates)

Updated Mar 17, 2026

Timeline

  1. Pre-filed

    Oct 31, 2025 · House of Delegates

  2. First Reading Economic Matters and Ways and Means

    Jan 14, 2026 · House of Delegates

  3. Hearing 2/12 at 1:00 p.m. (Economic Matters)

    Jan 19, 2026 · House of Delegates

  4. Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing 2/05 at 1:00 p.m. (Ways and Means)

    Jan 26, 2026 · House of Delegates

  5. Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)

    Jan 29, 2026 · House of Delegates

Sponsored by Kris Fair, Edith Patterson

No recorded floor votes yet.

Fiscal and Policy Note — official analysis by legislative staff (PDF) Bill text (First reading) — Maryland General Assembly (PDF) Official record — Maryland General Assembly bill page

Official records. Maryland legislators, bills and roll-call votes from the Maryland General Assembly, imported through Open States on Oct 27, 2026 (partial import — not yet the full session). Accuracy review against the official site is still under way. Campaign-finance records for Maryland are not imported yet.