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]
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.
Title
Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)
Sponsors
History
Date | Chamber | Action |
---|---|---|
2023-01-23 | House | Hearing 2/09 at 1:00 p.m. |
2023-01-20 | House | First Reading Ways and Means |
Subjects
Appropriations
Housing
Housing and Community Development
Income Tax
Leases and Rent
Real Property
Residential Property
Revenue and Taxes
Taxes - Income
Taxes - Recordation and Transfer
Transfer Tax
Housing
Housing and Community Development
Income Tax
Leases and Rent
Real Property
Residential Property
Revenue and Taxes
Taxes - Income
Taxes - Recordation and Transfer
Transfer Tax
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Housing and Community Development | 4 | 504 | (n/a) | See Bill Text |
Real Property | 14 | 104 | (n/a) | See Bill Text |
Tax - General | 10 | 204 | (n/a) | See Bill Text |
Tax - General | 10 | 218 | (n/a) | See Bill Text |
Tax - General | 10 | 305 | (n/a) | See Bill Text |
Tax - Property | 13 | 203 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0211?ys=2023RS |
Text | https://mgaleg.maryland.gov/2023RS/bills/hb/hb0211f.pdf |