MD HB211 | 2023 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 19-0)
Status: Introduced on January 20 2023 - 25% progression, died in committee
Action: 2023-01-23 - Hearing 2/09 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requiring the Governor, beginning in fiscal year 2025, to include in the annual budget bill $20,000,000 for the Rental Housing Fund; requiring certain taxpayers to add a certain deduction back to federal adjusted gross income to determine Maryland taxable income; altering the rate of the transfer tax on certain residential real property; and requiring taxpayers who itemize deductions on a State income tax return to reduce the amount of the deductions by the amount of certain qualified residence interest paid or accrued during the taxable year.

Tracking Information

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Title

Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)

Sponsors


History

DateChamberAction
2023-01-23HouseHearing 2/09 at 1:00 p.m.
2023-01-20HouseFirst Reading Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Housing and Community Development4504(n/a)See Bill Text
Real Property14104(n/a)See Bill Text
Tax - General10204(n/a)See Bill Text
Tax - General10218(n/a)See Bill Text
Tax - General10305(n/a)See Bill Text
Tax - Property13203(n/a)See Bill Text

Maryland State Sources


Bill Comments

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