MD HB1446

Creates a state income tax credit for businesses that relocate their headquarters and base of operations to Maryland from states that have adopted policies posing humanitarian crises, threatening employee well-being, or adversely affecting work serving underserved communities

Eligible businesses must currently receive financial incentives (tax credits, grants, low-interest loans) in their home state, and the Maryland credit amount will be comparable to those existing incentives

Requires businesses to commit to maintaining Maryland headquarters for at least 2 years after relocation or application, with the Department of Commerce able to revoke credits and the Comptroller able to recapture amounts for non-compliance

Establishes a Business Relocation Council (Secretary of Commerce, Comptroller, Secretary of Labor) to advertise the tax credit nationwide, with a report due by December 31, 2028

Tax credit applies to taxable years beginning after December 31, 2024 and automatically sunsets on June 30, 2030