MD HB945 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Republican 3-0)
Status: Introduced on February 8 2019 - 25% progression, died in chamber
Action: 2019-03-07 - Unfavorable Report by Ways and Means; Withdrawn
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a record owner of a certain new dwelling to claim a credit against the State income tax in an amount equal to $1.25 for each square foot of the new dwelling if a certain automatic fire sprinkler system is installed in the new dwelling; requiring the State Fire Marshal to approve applications for the credit in a certain manner; limiting the total amount of credits that may be approved to $1,000,000 in any taxable year; applying the Act to taxable years beginning after December 31, 2018; etc.

Tracking Information

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Title

Income Tax Credit - New Dwellings - Automatic Fire Sprinkler Systems

Sponsors


History

DateChamberAction
2019-03-07HouseUnfavorable Report by Ways and Means; Withdrawn
2019-03-06HouseHearing canceled
2019-02-12HouseHearing 3/08 at 1:00 p.m.
2019-02-08HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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