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Planning Department defends smaller small-commercial tax credit and outlines Maryland 250 grants
Summary
The Department of Planning told the Appropriations subcommittee the small commercial historic revitalization tax credit is approaching realistic demand (about $473,000 used year-to-date) and supports resetting the mandated appropriation to $500,000; the department also said most Maryland 250 grant awards have been allocated, with ARPA funding driving $1.5M of the $2.6M raised so far.
The Department of Planning testified that the small commercial historic revitalization tax credit has seen lower-than-mandated utilization and that a mandated appropriation of $500,000 would better match demand.
DLS analyst Miss Weibel told members the small program used approximately $357,000 in FY25 and about $473,000 so far in FY26, noting the program is nearing the proposed $500,000 annual cap. Weibel also outlined BRFAA contingent language that would reduce the small program's mandated funding from $2,000,000 to $500,000 per year and described a related proposal to expand allowable uses of the Strategic Energy…
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