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State Land Use Enacted Legislation

Bill # State Year Party Topic

SB 581

MD 2019 D Affordable housing incentives and financing, Deadlines, Funding, Historic Preservation Tax Credit, Lands near transit, Streamline application, Tax Incentives, Technical assistance, Vacant or blighted lands, Workforce Housing

Provided by Furman

Summary

  • Creates a state income tax credit for qualified workforce housing projects located within opportunity zones and authorizes local governments to provide additional and enhanced property tax credits within opportunity zones.
  • Authorizes an additional heritage structure rehabilitation tax credit for certain commercial projects in opportunity zones, requires the Director of the Maryland Historical Trust and the Smart Growth Subcabinet to adopt certain regulations specifying certain criteria and procedures, and increases the maximum tax credit for certain rehabilitation projects.

Provided by lawmakers

Bill Title

Economic, Housing, and Community Development – Opportunity Zone Incentives

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