MD HB300

Increases the minimum indirect cost reimbursement rate for nonprofit organizations receiving State-funded grants or contracts from 10% to 15% of modified total direct costs, or the federal de minimis rate if higher

Applies to nonprofits tax-exempt under IRC § 501(c)(3), (4), or (6) that are direct recipients or subrecipients of grants/contracts funded with State or non-federal funds

Nonprofits with a federally negotiated indirect cost rate may instead receive reimbursement at that established rate

Passed as an emergency measure and took effect upon enactment on April 22, 2025, rather than the standard October 1, 2025 effective date