Legislation - HB1188

Title: Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026)
Sponsored by: Delegates Boafo and Amprey
Status: In the House - Hearing 3/05 at 1:00 p.m.
Analysis

Synopsis

Imposing an excise tax on the acquisition and excess ownership of certain single-family residences in the State by certain entities; providing for the calculation, collection, and distribution of the excise tax; establishing the Down Payment and Settlement Expense Loan Program Fund, which may be used only to provide financing for down payment and settlement expenses to enable eligible homebuyers to purchase homes; etc.

Committees

Original:: Ways and Means

Details

Introduced in a prior session as: SB0510 Session: 2025 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2026

History

Legislation History
Chamber House Calendar Date 2/11/2026 Legislative Date 2/11/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026) Proceedings
Chamber House Calendar Date 2/12/2026 Legislative Date 2/12/2026 Action Hearing 3/05 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/11/2026	2/11/2026	First Reading Ways and Means
			Text - First - Excess Ownership of Single-Family Residences Excise Tax (End Hedge Fund Control of Maryland Homes Act of 2026)
House	2/12/2026	2/12/2026	Hearing 3/05 at 1:00 p.m.

File Code

Subjects

Statutes