MD SB194

Extends existing job creation tax credits and property tax credits/exemptions for military, naval, and air service members to include members of the U.S. Space Force

Applies to Space Force veterans, active duty members, disabled veterans, surviving spouses, and those who died in the line of duty

Amends definitions in the State Government, Economic Development, and Tax-Property articles of the Maryland Annotated Code to add "space service" alongside military, naval, and air service

Economic development provisions (job creation tax credit) apply to taxable years beginning after December 31, 2025; property tax provisions apply to taxable years beginning after June 30, 2026

Takes effect July 1, 2026