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MD SB1042

Bill

Status

Introduced

3/3/2025

Primary Sponsor

Joanne Benson

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Prince George's County would be required (instead of permitted) to grant property tax credits on personal property owned by grocery stores that complete new construction or substantial renovation in designated healthy food priority areas

  • Eligible grocery stores must have all major food departments (produce, meat, seafood, dairy, canned/packaged goods), derive more than 50% of sales from food, and dedicate more than 50% of floor space to food sales

  • The county must designate healthy food priority areas by local ordinance based on factors including availability of healthy foods, resident income levels, transportation needs, and public transit access

  • The county retains authority to set cumulative credit limits, additional eligibility requirements, and other program parameters by law

  • Effective June 1, 2025, applicable to taxable years beginning after June 30, 2025

Legislative Description

Prince George's County - Property Tax Credit for Grocery Stores - Alterations

Local Government Mandates

Last Action

Hearing 4/04 at 2:40 p.m.

4/4/2025

Committee Referrals

Budget and Taxation3/31/2025
Rules3/3/2025

Full Bill Text

No bill text available