Loading chat...

MD SB287

Bill

Status

Engrossed

2/19/2026

Primary Sponsor

Cory McCray

Click for details

Origin

Senate

2026 Regular Session

AI Summary

  • Authorizes local governments to designate noncontiguous areas as development districts for tax increment financing (TIF), expanding beyond the current requirement that development districts be contiguous

  • Defines "blighted area" as an area where the majority of buildings have declined in productivity due to obsolescence, depreciation, or other causes to the extent they no longer justify fundamental repairs

  • Extends TIF authority for noncontiguous blighted areas to Baltimore City, which is otherwise generally exempt from the state's TIF subtitle

  • Requires governing bodies to pass a resolution designating noncontiguous blighted areas as development districts before issuing TIF bonds

  • Takes effect October 1, 2026

Legislative Description

Economic Development - Tax Increment Financing - Noncontiguous Areas

Commerce and Business

Last Action

Referred Economic Matters

2/20/2026

Committee Referrals

Economic Matters2/20/2026
Budget and Taxation1/21/2026

Full Bill Text

No bill text available