MD SB980

Establishes separate income limits for property tax credit eligibility: $100,000 for individual tax returns and $200,000 for joint tax returns (replacing the previous single threshold)

Lowers the disability rating threshold for the 50% property tax credit from 75% to 70% service-connected disability

Adjusts the 25% property tax credit tier to cover veterans with 50-69% disability ratings (changed from 50-74%)

Applies to county or municipal corporation property taxes on dwelling houses owned by disabled veterans and their surviving spouses

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