---
type: "Bill"
title: "Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing"
description: "Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing"
jurisdiction: "us/states/md"
legislature: "Maryland General Assembly"
session: "2024"
identifier: "HB 1203"
citation: "Maryland HB 1203 (2024)"
classification: ["bill"]
subjects: []
status: "enacted"
primary_sponsors: ["Smith"]
version_count: 3
action_count: 14
vote_count: 2
first_action: "2024-02-08"
last_action: "2024-05-09"
source: "openstates"
source_identifier: "ocd-bill/4e418c4f-42c4-4d1f-a3ac-052b4ca9d587"
source_url: "http://mgaleg.maryland.gov/mgawebsite/Legislation/Details/hb1203?ys=2024RS&search=True"
source_hash: "b76cafe4e50717f1fd0580a6132169e6e54b421c83b86ab3742b0d814b313baf"
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 HB 1203 (2024) — Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing

## Version chain

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

1. **Chapter - Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/Chapters_noln/CH_449_hb1203t.pdf)
2. **First - Economic Development - Strategic Infrastructure Revolving Loan Program - Established** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/hb/hb1203f.pdf)
3. **Third - Economic Development - Strategic Infrastructure Revolving Loan Program and Tax Increment Financing** (committee substitute) — [source](http://mgaleg.maryland.gov/2024RS/bills/hb/hb1203t.pdf)

## Votes

- On Third Reading — **135–3** (pass) · lower
- On Third Reading — **44–0** (pass) · upper

## Sponsors

- Smith — primary (person)

## Timeline

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

- **2024-02-08** First Reading Ways and Means `referral-committee`
- **2024-02-08** Hearing 2/29 at 1:00 p.m.
- **2024-03-16** Favorable with Amendments Report by Ways and Means `committee-passage-favorable`
- **2024-03-16** Favorable with Amendments { `committee-passage-favorable`
- **2024-03-16** Second Reading Passed with Amendments
- **2024-03-18** Third Reading Passed `passage`
- **2024-03-18** Referred Finance `referral-committee`
- **2024-03-19** Hearing 3/28 at 1:00 p.m.
- **2024-04-05** Favorable Report by Finance `committee-passage-favorable`
- **2024-04-05** Favorable Adopted `committee-passage-favorable`
- **2024-04-05** Second Reading Passed
- **2024-04-05** Third Reading Passed `passage`
- **2024-04-06** Returned Passed
- **2024-05-09** Approved by the Governor - Chapter 449 `executive-signature`

## Source

OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/4e418c4f-42c4-4d1f-a3ac-052b4ca9d587`. Confidence: reported (aggregated from official Maryland legislature records).