Exempts personal property of small manufacturers in Prince George's County from property tax.

Maryland HB1243 exempts personal property of small manufacturers in Prince George's County from property tax. This includes tools, implements, machinery, and manufacturing apparatus or engines. The exemption applies to businesses with fewer than a certain number of employees. The bill defines manufacturing to include activities like sawmills, grain mills, and mineral extraction, but excludes primarily service, intellectual, artistic, or clerical activities. The exemption takes effect June 1, 2026.

Exempts personal property of small manufacturers in Prince George's County from property tax.

Maryland HB1243 exempts personal property of small manufacturers in Prince George's County from property tax. This includes tools, implements, machinery, and manufacturing apparatus or engines. The exemption applies to businesses with fewer than a certain number of employees. The bill defines manufacturing to include activities like sawmills, grain mills, and mineral extraction, but excludes primarily service, intellectual, artistic, or clerical activities. The exemption takes effect June 1, 2026.