MD HB1143 | 2016 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 19-4)
Status: Introduced on February 11 2016 - 25% progression, died in chamber
Action: 2016-04-11 - Favorable with Amendments Report by Ways and Means
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 11 2016 - 25% progression, died in chamber
Action: 2016-04-11 - Favorable with Amendments Report by Ways and Means
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a record owner of a specified 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 specified automatic fire sprinkler system is installed in the new dwelling; requiring the State Fire Marshal to approve applications for the credit in a specified manner; limiting the total amount of credits that may be approved to $1,000,000 in any taxable year; applying the Act to all taxable years beginning after December 31, 2015; etc.
Title
Income Tax Credit - New Dwellings - Automatic Fire Sprinkler Systems
Sponsors
History
Date | Chamber | Action |
---|---|---|
2016-04-11 | House | Favorable with Amendments Report by Ways and Means |
2016-03-08 | House | Hearing 3/08 at 1:00 p.m. |
2016-02-11 | House | First Reading Ways and Means |