MD SB343 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2024 - 25% progression
Action: 2024-01-13 - Hearing 1/24 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 12 2024 - 25% progression
Action: 2024-01-13 - Hearing 1/24 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the definition of "gross income" to exclude certain public assistance received in a cash grant for purposes of the renters' property tax relief program and the homeowners' property tax credit program; increasing the combined gross income limit used to determine eligibility for the tax credits; and increasing, from $300,000 to $450,000, the maximum assessed value of a dwelling on which the homeowners' property tax credit is calculated.
Title
Renters’ Property Tax Relief and Homeowners’ Property Tax Credit Programs – Gross Income and Assessed Value Limitations – Alterations
Sponsors
| Sen. Cory McCray [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-13 | Senate | Hearing 1/24 at 1:00 p.m. |
| 2024-01-12 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB44 (Crossfiled) 2024-01-17 - Hearing 2/01 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - Property | 9 | 102 | (n/a) | See Bill Text |
| Tax - Property | 9 | 104 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0343?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0343f.pdf |
