MD HB1337

Owners of businesses or farm operations on property taken through eminent domain would be entitled to compensation for lost profits, in addition to fair market value damages for the land itself

To receive lost profit damages, owners must prove the amount of loss and that it was directly caused by the taking, cannot be reasonably prevented by relocation, and will not duplicate other compensation or relocation payments

Lost profit damages must be calculated using generally accepted accounting principles applied consistently

"Business" includes lawful activities involving property transactions, manufacturing, marketing, sale of services, or nonprofit operations; "farm operation" covers agricultural production including timber

Effective date: October 1, 2025