MD HB1119 | 2017 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 9 2017 - 25% progression, died in committee
Action: 2017-03-01 - Hearing 3/01 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2017 - 25% progression, died in committee
Action: 2017-03-01 - Hearing 3/01 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Increasing from $250,000 to $1,000,000 the aggregate amount of State income tax credits the Department of Housing and Community Development is authorized to issue in a taxable year for donations to specified qualified permanent endowment funds at specified community foundations; and applying the Act to taxable years 2018 and beyond.
Title
Income Tax Credit - Endow Maryland - Credit Amounts
Sponsors
| Del. Sheila Hixson [D] | Del. Jason Buckel [R] | Del. Ana Gutierrez [D] | Del. April Rose [R] |
| Sen. Mary Washington [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2017-03-01 | House | Hearing 3/01 at 1:00 p.m. |
| 2017-02-09 | House | First Reading Ways and Means |
Subjects
Community Facilities and Services
Housing and Community Development, Department of
Income Tax
Nonprofit Organizations
Tax Credits
Taxes - Income
Housing and Community Development, Department of
Income Tax
Nonprofit Organizations
Tax Credits
Taxes - Income
