MD HB805

Authorizes Baltimore City, counties, and municipal corporations to grant property tax credits for dwellings financed through nonprofit entity mortgages or deeds of trust

Qualifying dwellings must be subject to a covenant or legally binding agreement of at least 20 years that enforces income and equity/appreciation restrictions and ensures affordable pricing, including on resale

Tax credit amount may equal up to the difference between the tax on the full assessed value and the tax on the portion the homeowner pays on their first mortgage

Local governments may establish the duration of the credit, additional eligibility criteria, and application procedures

Takes effect June 1, 2026, applicable to taxable years beginning after June 30, 2026