Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026)
Sponsor: Adrian Boafo (District 23)Committee: Ways and MeansSubject: Taxes - MiscellaneousStatus: Hearing 3/05 at 1:00 p.m. (as of Sep 4, 2026)
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 (13)
MGA witness listFAV 8FavorableFWA 3Favorable with amendmentsINFO 2Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Butchko, Dominic | Maryland Association of Counties (MACo) | Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Kaplowitz, Richard KAP | Year | Written (PDF) |
| FAV | Boafo, Delegate Adrian | Individual | Written (PDF) |
| FAV | Delegate Boafo, Delegate Boafolegislator | Individual | Oral |
| FAV | Lang, Alan | Individual | Position only |
| FAV | Mauer, William | Individual | Position only |
| FAV | Mitchell, Martin | Individual | Oral |
| FWA | Enten, Robert | Maryland Bankers Association | Oral |
| FWA | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| FWA | McGee, Christalobbyist | Maryland Realtors | Oral + Written (PDF) |
| INFO | O'Connell, William | MSBA Real Property Section | Written (PDF) |
| INFO | Dudzic, Matthew | Office of the Comptroller | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FWAGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association
FWAMcGee, ChristaMaryland RealtorsRegistered for: Maryland REALTORS; Maryland Association of Realtors