SB 372 — Maryland
Community Development - Maryland New Markets Development Program - Establishment
Establishing the Maryland New Markets Development Program; requiring the Department of Housing and Community Development to administer the Program; authorizing a credit against the State insurance premium receipts tax and certain State insurance retaliatory taxes, fees, charges, and penalties for certain equity investments in certain community development entities; authorizing the Department to recapture a credit under certain circumstances; limiting the credit amounts that may be issued to $18,750,000 for any taxable year; etc.
Latest action: Hearing 2/11 at 2:00 p.m. · Feb 3, 2026
Synopsis written by the legislature's own staff, as published on the official bill page. Status label is derived from the recorded actions. The full text below is the record.
Committees: Budget and Taxation (Senate)
Updated Mar 17, 2026
Timeline
First Reading Budget and Taxation
Jan 27, 2026 · Senate
Hearing 2/11 at 1:00 p.m.
Jan 28, 2026 · Senate
Hearing canceled
Feb 3, 2026 · Senate
Hearing 2/11 at 2:00 p.m.
Feb 3, 2026 · Senate
Sponsored by Cory McCray
No recorded floor votes yet.
Official records. Maryland legislators, bills and roll-call votes from the Maryland General Assembly, imported through Open States on Oct 27, 2026 (partial import — not yet the full session). Accuracy review against the official site is still under way. Campaign-finance records for Maryland are not imported yet.