Maryland HB1189 allocates $5,000,000 annually from property and casualty insurance taxes to the State Disaster Recovery Fund.
Maryland HB1189 modifies the distribution of taxes on property and casualty insurers, directing $5,000,000 annually from these taxes to the State Disaster Recovery Fund, starting July 1, 2026. This fund supports disaster recovery efforts across the state, ensuring resources are available for emergency response and recovery initiatives.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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