MD SB976 | 2011 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on March 8 2011 - 25% progression, died in chamber
Action: 2011-03-14 - Hearing 3/23 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on March 8 2011 - 25% progression, died in chamber
Action: 2011-03-14 - Hearing 3/23 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Summary
Providing an individual a credit against the State income tax in an amount equal to 100% of the amount of unrestricted charitable contributions made by the individual to a community foundation's endowment during the taxable year; providing for a reduction of itemized deductions for Maryland income tax purposes if a credit is claimed; allowing the credit only if the individual's qualified capital gain for the taxable year for which the credit is received is at least $10,000,000; applying the Act to tax years after 2010; etc.
Title
Income Tax - Credit for Charitable Contributions to Community Foundations
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2011-03-14 | Hearing 3/23 at 1:00 p.m. | |
| 2011-03-14 | Re-referred Budget and Taxation | |
| 2011-03-08 | Referred Senate Rules | |
| 2011-03-08 | Motion Rules Suspended for late introduction (Senator Middleton) Adopted | |
| 2011-03-08 | First Reading Senate Rules |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/SB0976.htm |
| Text | http://mlis.state.md.us/2011rs/bills/sb/sb0976f.pdf |
