Legislation - HB1428

Title: Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)
Sponsored by: Delegates Boafo and Amprey
Status: In the House - Hearing 2/25 at 1:00 p.m. (Environment and Transportation)
Analysis: Fiscal and Policy Note

Synopsis

Imposing an excise tax on the acquisition and excess ownership of certain single-family residences in the State by certain entities; authorizing a person who offers for sale to a third party improved single-family residential real property, for the first 30 days, to accept an offer to purchase the property made only by an individual, a community development organization, a nonprofit organization, or a real estate enterprise that owns an interest in less than 3% of all residential real property in the county; etc.

Committees

Original:: Environment and Transportation; Ways and Means

Details

Cross-filed with: SB0582

Bill File Type: Regular

Effective Date(s): July 1, 2025

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Environment and Transportation and Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025) Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 2/25 at 1:00 p.m. (Environment and Transportation) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2025	2/07/2025	First Reading Environment and Transportation and Ways and Means
			Text - First - Sale of Residential Property - Taxes and Offers to Purchase (End Hedge Fund Control of Maryland Homes Act of 2025)
House	2/07/2025	2/07/2025	Hearing 2/25 at 1:00 p.m. (Environment and Transportation)

File Code

Subjects

Statutes