Personal Property Tax - Exemptions for Low Assessment - Alteration
Sponsor: Chair, Ways and Means CommitteeCommittee: Ways and MeansSubject: Taxes - PropertyStatus: Hearing 1/27 at 2:00 p.m. (as of Sep 4, 2026)
What this bill does
Official synopsis
Altering exemptions from the personal property tax for business personal property that has a total original cost below $20,000 by repealing provisions of law that prohibit the State Department of Assessments and Taxation from collecting information or requiring the submission of a personal property tax return from certain businesses that qualify for the exemptions; and applying the Act to all taxable years beginning after June 30, 2026.
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Testimony (5)
MGA witness listFAV 3FavorableUNF 2Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Yeager, Robert | Department of Assessments and Taxation | Written (PDF) |
| FAV | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
| FAV | Chair, Ways and Means Committee, Chair, Ways and Means Committee | Individual | Oral |
| UNF | Hawkins, Giavante | MD Society of Accounting & Tax Professionals | Written (PDF) |
| UNF | Kelly, Victoria Eve | Maryland State Bar Association | Written (PDF) |