Maryland Senate Bill 137: Personal Property Tax - Exemptions for Low Assessment - Alteration

Maryland · 2026 Regular Session

What it does

Altering exemptions from the personal property tax for business personal property that has a total original cost below $20,000 by repealing provisions of law that prohibit the State Department of Assessments and Taxation from collecting information or requiring the submission of a personal property tax return from certain businesses that qualify for the exemptions; and applying the Act to all taxable years beginning after June 30, 2026.

Latest action

Hearing 1/21 at 10:00 a.m. (2026-01-15)

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