HB0369 • 2026

Prince George's County - Property Tax Credit - New Businesses PG 407-26

Taxes

Passed Legislature

This bill passed both chambers and reached final enrollment, even if later executive action is not shown here.

Sponsor: Prince George's County Delegation
Last action: 2026-01-24
Official status: In the House - Hearing 2/03 at 1:00 p.m.
Effective date: 2026-06-01

Plain English Breakdown

Using official source text because the generated explanation was unavailable or could not be confirmed against the official bill text.

Prince George's County - Property Tax Credit - New Businesses PG 407-26

Authorizing the governing body of Prince George's County to grant, by law, a certain property tax credit against the county property tax imposed on the property of new businesses that add at least 10 new full-time jobs in an industry targeted for expansion by the Prince George's County Economic Development Corporation; and applying the Act to all taxable years beginning after June 30, 2026.

What This Bill Does

Authorizing the governing body of Prince George's County to grant, by law, a certain property tax credit against the county property tax imposed on the property of new businesses that add at least 10 new full-time jobs in an industry targeted for expansion by the Prince George's County Economic Development Corporation; and applying the Act to all taxable years beginning after June 30, 2026.

Limits and Unknowns

This entry is temporarily using official source text because the generated explanation could not be confirmed against the official bill text during the last sync.

Bill History

2026-01-24 House
Hearing 2/03 at 1:00 p.m.
2026-01-19 House
First Reading Ways and Means
Maryland General Assembly
Text - First - Prince George's County - Property Tax Credit - New Businesses PG 407-26

Official Summary Text

Authorizing the governing body of Prince George's County to grant, by law, a certain property tax credit against the county property tax imposed on the property of new businesses that add at least 10 new full-time jobs in an industry targeted for expansion by the Prince George's County Economic Development Corporation; and applying the Act to all taxable years beginning after June 30, 2026.

Current Bill Text

Read the full stored bill text

EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
*hb0369*

HOUSE BILL 369
Q2 6lr1012

By: Prince George’s County Delegation
Introduced and read first time: January 19, 2026
Assigned to: Ways and Means

A BILL ENTITLED

AN ACT concerning 1

Prince George’s County – Property Tax Credit – New Businesses 2

PG 407–26 3

FOR the purpose of authorizing the governing body of Prince George’s County to grant, by 4
law, a certain property tax credit against the county proper ty tax imposed on the 5
property of new businesses that add a certain number of jobs in certain industries 6
targeted for expansion ; and generally relating to a property tax credit for new 7
businesses in Prince George’s County. 8

BY adding to 9
Article – Tax – Property 10
Section 9–318(k) 11
Annotated Code of Maryland 12
(2019 Replacement Volume and 2025 Supplement) 13

SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 14
That the Laws of Maryland read as follows: 15

Article – Tax – Property 16

9–318. 17

(K) (1) TO ENCOURAGE THE LOCATION AND DEVELOPMENT OF BUSINESS 18
OPERATIONS AND EXPAN SION OF THE EMPLOYME NT BASE IN PRINCE GEORGE’S 19
COUNTY, THE GOVERNING BODY O F PRINCE GEORGE’S COUNTY MAY GRANT , BY 20
LAW, A PROPERTY TAX CREDIT AGAINST THE COUNTY P ROPERTY TAX IMPOSED ON 21
ANY PROPERTY OWNED OR LEASED BY A NEW BUSINESS THAT CREATES 10 OR MORE 22
FULL–TIME JOBS IN AN INDU STRY TARGETED FOR EX PANSION BY THE PRINCE 23
GEORGE’S COUNTY ECONOMIC DEVELOPMENT CORPORATION. 24
2 HOUSE BILL 369

(2) A TAX CREDIT GRANTED U NDER THIS SUBSECTION MAY NOT BE 1
GRANTED FOR MORE THAN 10 YEARS. 2

(3) THE GOVERNING BODY OF PRINCE GEORGE’S COUNTY MAY 3
ESTABLISH, BY LAW: 4

(I) THE AMOUNT OF THE TAX CREDIT UNDER THIS SUBSECTION; 5

(II) SUBJECT TO PARAGRAPH (2) OF THIS SUBSECTION , THE 6
DURATION OF THE TAX CREDIT; 7

(III) ADDITIONAL ELIGIBILITY CRITERIA FOR THE TAX CREDIT; 8

(IV) REGULATIONS AND PROC EDURES FOR THE APPLI CATION 9
AND UNIFORM PROCESSING OF REQUESTS FOR THE TAX CREDIT; AND 10

(V) ANY OTHER PROVISION NECESSARY TO CARRY OUT THE TAX 11
CREDIT UNDER THIS SUBSECTION. 12

SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect June 13
1, 2026, and shall be applicable to all taxable years beginning after June 30, 2026. 14