MD HB1580

Creates a new "Maryland Enhanced TIF District" category for development projects that include a convention center OR are within 1/2 mile of a transit station, exceed $500 million in total project costs, and have local TIF approval

Authorizes the Maryland Economic Development Corporation (MEDCO) to issue bonds for Maryland Enhanced TIF districts, subject to Board of Public Works approval

Allows the Board of Public Works, on MEDCO's recommendation, to authorize the State to pledge incremental sales taxes and incremental income taxes from the enhanced TIF district to support projects

Expands the definition of "bond" and "issuer" under existing TIF law to include MEDCO alongside political subdivisions and the Prince George's County revenue authority

Takes effect June 1, 2026