MD HB1085

Expands property tax exemptions from three specific housing authorities (Baltimore City, Howard County, and Montgomery County) to all public housing authorities statewide and their controlled nonprofit entities

Exempts from State and local taxation property owned by housing authority entities that is used for housing persons of eligible income, including property under construction or in planning stages

Requires housing authorities and their nonprofit entities to make payments in lieu of taxes to political subdivisions where housing projects are located, with amounts set by mutual agreement not exceeding regular property taxes on similar properties

Defines "housing authority entity" as any entity controlled, wholly owned, or partially owned by a public housing authority, either directly or through subsidiary entities

Takes effect June 1, 2025, applying to all taxable years beginning after June 30, 2025