MD EV Tax Credit Extended Three Years
The Maryland Clean Cars Act of 2017 (SB 393/HB 406) was signed into law by Governor Larry Hogan on May 4, 2017. This will extend the Electric Vehicle Tax Credit program through fiscal year 2020. The Electric Vehicle Tax Credit yearly funding will increase by over 30 percent.
MD Appeals Judge's Order Blocking Purple Line P3 Project
Maryland quickly appealed a federal judge's ruling that it must redo its ridership estimates for the $5.6 billion Purple Line rail project being financed as a public-private partnership in an attempt to resolve a question that has been holding up the project's progress since August.
$660M in Bonds to Fund Mixed-Use Project in Baltimore, MD
Kevin Plank, the founder and chief executive of Under Armour, is developing a new Under Armour campus among other projects in a mixed-use development in Baltimore which is being paid for through the issuance of bonds. This is just one of his many development projects which are taking place in and around Baltimore.
MD Approves Two Offshore Wind Farms
Maryland energy regulators approved two offshore wind farm projects to be built off the state's coast. These two wind farms will be the second and third utility-scale offshore wind farms in US waters.
MD Enacts First Energy Storage Tax Credit
Maryland has become the first state in the country to offer a tax credit for energy storage systems with Governor Larry Hogan's (R) signing of Senate Bill No. 758. The law provides a tax credit for certain costs of installing an energy storage system.
Pew Charitable Trust Research Finds Varying Results from Tax Incentives
A new study by the Pew Charitable Trusts offers provides a wide-ranging look at the way many state officials handle these costly programs in recent years. While the ultimate success of these incentives often hinges on good planning by state officials and follow-up measurements of the impact and efficacy of the programs, Pew researchers found that many states have fallen well short of what was needed.
Budget Deal Puts FBI's P3 Swap of Headquarters in Limbo
The lack of full funding for the proposed $2 billion swap of the FBI headquarters for a new facility in the Washington suburbs means the project may remain in limbo.
Advocates Fear Continued Delay Could Derail Purple Line P3
Advocates of Maryland's $5.6 billion Purple Line public-private partnership project want an end to a lengthy judicial delay that they said is threatening the proposed 16-mile system.
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