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]

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.

Tracking Information

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Title

Income Tax Credit - New Dwellings - Automatic Fire Sprinkler Systems

Sponsors


History

DateChamberAction
2016-04-11HouseFavorable with Amendments Report by Ways and Means
2016-03-08HouseHearing 3/08 at 1:00 p.m.
2016-02-11HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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