MD SB583 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing certain owners of qualified developments of low income housing to claim a credit against the State income tax; prohibiting a credit in a taxable year from exceeding the owner's State income tax for the taxable year; prohibiting credits claimed by owners of a pass-through entity from exceeding a certain amount; allowing unused credits to be claimed in subsequent taxable years under certain circumstances; requiring the Secretary of Housing and Community Development to approve certain applications; etc.

Tracking Information

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Title

Income Tax - Affordable Housing Credit

Sponsors


History

DateChamberAction
2019-02-28SenateHearing 3/08 at 1:00 p.m.
2019-02-28SenateHearing canceled
2019-02-06SenateHearing 3/06 at 1:00 p.m.
2019-02-04SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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