Maryland HB556 authorizes a property tax credit for individuals who spend at least 25% of their household income on utility services.

Maryland HB556, known as the Maryland Family Utility Tax Relief Act, allows the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant a property tax credit for eligible individuals. An eligible individual is defined as someone who spends at least 25% of their household net income on utility services, which include electricity, gas, water, or internet. The credit applies to the property tax on the individual's dwelling.

Maryland HB556 authorizes a property tax credit for individuals who spend at least 25% of their household income on utility services.

Maryland HB556, known as the Maryland Family Utility Tax Relief Act, allows the Mayor and City Council of Baltimore City or the governing body of a county or municipal corporation to grant a property tax credit for eligible individuals. An eligible individual is defined as someone who spends at least 25% of their household net income on utility services, which include electricity, gas, water, or internet. The credit applies to the property tax on the individual's dwelling.