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MD HB547
Bill
Status
Passed
4/28/2026
Primary Sponsor
Kris Fair
Click for details
AI Summary
- Requires the Secretary of Agriculture to report annually by December 1 to the Governor and General Assembly on additional types of equipment that should qualify for the enhanced agricultural management equipment income tax subtraction
- Removes the Secretary's authority to establish qualifying equipment through regulation, replacing it with a recommendation-based reporting requirement
- Maintains the existing 100% income tax subtraction for purchases of qualifying equipment including no-till planters, liquid manure injection systems, GPS devices for nutrient management, and optical sensing systems
- Continues the 50% subtraction for vertical tillage equipment used to incorporate livestock manure or poultry litter into soil
- Takes effect July 1, 2026
Legislative Description
Income Tax - Enhanced Agricultural Management Equipment Subtraction Modification and Parent of a Stillborn Child Credit
Rules and Regulations
Last Action
Approved by the Governor - Chapter 327
4/28/2026
Committee Referrals
Budget and Taxation3/23/2026
Ways and Means1/27/2026
Full Bill Text
No bill text available