Personal Property Tax - Exemptions for Low Assessment - Alteration
Sponsor: Chair, Budget and Taxation CommitteeCommittee: Budget and TaxationSubject: Taxes - PropertyStatus: Hearing 1/21 at 10:00 a.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 (3)
MGA witness listFAV 2FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Yeager, Robert | Department of Assessments and Taxation | Oral + Written (PDF) |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| FWA | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FWAGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association