Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2025)
Sponsor: Shaneka Henson (District 30)Committee: Budget and TaxationSubject: Taxes - MiscellaneousStatus: Unfavorable Report by Budget and Taxation; Withdrawn (as of Dec 1, 2025)
What this bill does
Official synopsis
Imposing an excise tax on the acquisition and excess ownership of certain single-family residences in the State by certain entities; providing for the calculation, collection, and distribution of the excise tax; establishing the Down Payment and Settlement Expense Loan Program Fund which may be used only to provide financing for down payment and settlement expenses to enable eligible homebuyers to purchase homes; etc.
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Testimony (0)
MGA witness listNo witness list on file because no hearing has been scheduled.