Legislation - SB0488

Authorizing the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to exempt all personal property, including manufacturing inventory, in the possession of a person engaged in a manufacturing business that employs 50 or fewer employees from the personal property tax; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0168

Bill File Type: Regular

Effective Date(s): June 1, 2025

Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber Senate Calendar Date 1/23/2025 Legislative Date 1/22/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Manufacturing Business Personal Property Tax - Exemption Proceedings
Chamber Senate Calendar Date 1/27/2025 Legislative Date 1/27/2025 Action Hearing 2/19 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2025 Legislative Date 3/14/2025 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/14/2025 Legislative Date 2/25/2025 Action Favorable with Amendments {173321/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2025 Legislative Date 2/25/2025 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Manufacturing Business Personal Property Tax - Optional Exemption Proceedings
Chamber Senate Calendar Date 3/17/2025 Legislative Date 2/28/2025 Action Third Reading Passed (42-0) Proceedings 48 Click to view Recorded Media
Chamber House Calendar Date 3/17/2025 Legislative Date 3/07/2025 Action Referred Ways and Means Proceedings 47 Click to view Recorded Media
Chamber House Calendar Date 3/17/2025 Legislative Date 3/17/2025 Action Hearing 3/25 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/25/2025 Legislative Date 3/25/2025 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/25/2025 Legislative Date 3/25/2025 Action Hearing 3/26 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/26/2025 Legislative Date 3/26/2025 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/26/2025 Legislative Date 3/26/2025 Action Hearing 3/26 at 2:15 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/23/2025	1/22/2025	First Reading Budget and Taxation
			Text - First - Manufacturing Business Personal Property Tax - Exemption
Senate	1/27/2025	1/27/2025	Hearing 2/19 at 1:00 p.m.
Senate	2/07/2025	2/07/2025	Hearing canceled
Senate	2/07/2025	2/07/2025	Hearing 3/05 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/14/2025	3/14/2025	Favorable with Amendments Report by Budget and Taxation
Senate	3/14/2025	2/25/2025	Favorable with Amendments {173321/1 Adopted	45 Click to view Recorded Media
Senate	3/14/2025	2/25/2025	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Manufacturing Business Personal Property Tax - Optional Exemption
Senate	3/17/2025	2/28/2025	Third Reading Passed (42-0)	48 Click to view Recorded Media
House	3/17/2025	3/07/2025	Referred Ways and Means	47 Click to view Recorded Media
House	3/17/2025	3/17/2025	Hearing 3/25 at 1:00 p.m.
House	3/25/2025	3/25/2025	Hearing canceled
House	3/25/2025	3/25/2025	Hearing 3/26 at 1:00 p.m.
House	3/26/2025	3/26/2025	Hearing canceled
House	3/26/2025	3/26/2025	Hearing 3/26 at 2:15 p.m.

File Code

Subjects

Statutes