Maryland HB1279 alters the Catalytic Revitalization Project Tax Credit, modifying tax credit certificates and limitations.

Maryland HB1279 modifies the Catalytic Revitalization Project Tax Credit by altering the issuance of tax credit certificates. The bill allows for the issuance of certificates for projects in phases, provided certain conditions are met. It also adjusts the annual limit on tax credit certificates to $30,000,000. The bill defines "workforce housing project" as a project where at least 20% of the residential units produced are workforce housing units.

Maryland HB1279 alters the Catalytic Revitalization Project Tax Credit, modifying tax credit certificates and limitations.

Maryland HB1279 modifies the Catalytic Revitalization Project Tax Credit by altering the issuance of tax credit certificates. The bill allows for the issuance of certificates for projects in phases, provided certain conditions are met. It also adjusts the annual limit on tax credit certificates to $30,000,000. The bill defines "workforce housing project" as a project where at least 20% of the residential units produced are workforce housing units.