---
type: "Bill"
title: "Commercial Law - Disposition of Abandoned Property - Waiver of Penalties"
description: "Commercial Law - Disposition of Abandoned Property - Waiver of Penalties"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2022"
identifier: "SB 271"
citation: "Maryland SB 271 (2022)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Comptroller", "Guzzone"]
version_count: 3
action_count: 13
vote_count: 2
first_action: "2022-01-17"
last_action: "2022-05-16"
source: "openstates"
source_identifier: "ocd-bill/e4d11d5d-ef8f-48b1-9e2d-a62f139b335d"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/sb0271?ys=2022RS&search=True"
source_hash: "0f48a9734a6e3fbc78b49dd8fbc07630767efead86ca59312fbab77f560952c0"
vintage: "2026-07-01"
source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
retrieved_at: "2026-07-06"
confidence: "reported"
tags: ["legislation", "bill", "us-md"]
---

# Maryland SB 271 (2022) — Commercial Law - Disposition of Abandoned Property - Waiver of Penalties

## Version chain

The bill's text revisions, in order — the diff chain from filing to enrollment.

1. **Chapter - Commercial Law - Disposition of Abandoned Property - Waiver of Penalties** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/Chapters_noln/CH_361_sb0271t.pdf)
2. **First - Commercial Law - Disposition of Abandoned Property - Waiver of Penalties** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0271f.pdf)
3. **Third - Commercial Law - Disposition of Abandoned Property - Waiver of Penalties** (committee substitute) — [source](http://mgaleg.maryland.gov/2022RS/bills/sb/sb0271t.pdf)

## Votes

- On Third Reading — **136–0** (pass) · lower
- On Third Reading — **47–0** (pass) · upper

## Sponsors

- Comptroller — primary (person)
- Guzzone — primary (person)

## Timeline

The legislative action history — every referral, reading, and vote.

- **2022-01-17** First Reading Budget and Taxation `referral-committee`
- **2022-01-24** Hearing 2/02 at 1:00 p.m.
- **2022-02-17** Favorable Report by Budget and Taxation `committee-passage-favorable`
- **2022-02-18** Favorable Adopted `committee-passage-favorable`
- **2022-02-18** Second Reading Passed
- **2022-02-22** Third Reading Passed `passage`
- **2022-02-23** Referred Economic Matters `referral-committee`
- **2022-03-16** Hearing 3/23 at 1:00 p.m.
- **2022-04-07** Favorable Report by Economic Matters `committee-passage-favorable`
- **2022-04-07** Favorable Adopted Second Reading Passed `committee-passage-favorable`
- **2022-04-08** Third Reading Passed `passage`
- **2022-04-08** Returned Passed
- **2022-05-16** Approved by the Governor - Chapter 361 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/e4d11d5d-ef8f-48b1-9e2d-a62f139b335d`. Confidence: reported (aggregated from official Maryland legislature records).