Property Taxes - Authority of Counties to Establish a Subclass and Set a Special Rate for Personal Property of Data Centers

Summary

The bill lets Baltimore City and any Maryland county create a new subclass of personal property for data centers that meet certain investment and job‑creation thresholds, and then set a unique tax rate for that subclass. It would apply to taxable years beginning after June 30, 2026, affecting data‑center owners and local tax authorities. The goal is to give localities flexibility to encourage data‑center development.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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