MD HB292

Changes the reimbursement payment schedule from four equal quarterly payments (25% each on July 1, October 1, January 1, and April 1) to three payments: 50% on October 1, 25% on January 1, and 25% on April 1.

Counties and Baltimore City must reimburse the State Department of Assessments and Taxation for 90% of the costs of real property valuation, business personal property valuation, and the Office of Information Technology.

Cost allocation among jurisdictions is based on each locality's share of total real property accounts statewide (for real property and IT costs) or business personal property assessable base (for personal property costs) as of July 1 of the preceding fiscal year.

The Comptroller may withhold a portion of local income tax distributions from jurisdictions that fail to make timely payments.

Effective date: June 1, 2026.