MD SB516

Personal property used in connection with large family child care homes registered under the Education Article is now exempt from valuation and property taxation

Maximum annual property tax credit for day care centers, child care homes, and child care centers increased from $3,000 to $10,000

Removes the requirement that real property improvements to day care or child care centers be completed after July 1, 1987 (or July 1, 1988 for business-owned properties) to qualify for property tax credits

Baltimore City and county/municipal governing bodies may grant property tax credits for real property used for large family child care homes, in addition to existing credits for family child care homes

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