Community Development - Maryland New Markets Development Program - Establishment

Summary

The bill establishes the Maryland New Markets Development Program, which the Department of Housing and Community Development would run. It lets qualified investors claim credits against state insurance taxes for equity investments in qualified community‑development entities that fund low‑income businesses. The goal is to channel private capital into economically distressed areas.

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

Hearings

• Economic Matters — Bill Hearing
  Economic Matters · Feb 12, 2026

History

1. Jan 29, 2026Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing canceled (Ways and Means)
2. Jan 26, 2026Hearing 2/12 at 1:00 p.m. (Economic Matters) and Hearing 2/05 at 1:00 p.m. (Ways and Means)
3. Jan 19, 2026Hearing 2/12 at 1:00 p.m. (Economic Matters)
4. Jan 14, 2026First Reading Economic Matters and Ways and Means
5. Oct 31, 2025Pre-filed

Sponsors

• Fair · sponsor
• Patterson

Bill text

Opens the legislature’s own copy.

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