MD HB262 | 2021 | Regular Session
Note: Carry Over of previous HB224
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on February 12 2021 - 50% progression, died in committee
Action: 2021-02-16 - Referred Budget and Taxation
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on February 12 2021 - 50% progression, died in committee
Action: 2021-02-16 - Referred Budget and Taxation
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; applying the Act to taxable years beginning after December 31, 2020; etc.
Title
Opportunity Zone Tax Deduction Reform Act of 2021
Sponsors
Roll Calls
2021-02-12 - House - Third Reading Passed (Y: 92 N: 36 NV: 4 Abs: 8) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-16 | Senate | Referred Budget and Taxation |
| 2021-02-12 | House | Third Reading Passed (92-36) |
| 2021-02-11 | House | Favorable Adopted Second Reading Passed |
| 2021-02-10 | House | Favorable Report by Ways and Means |
| 2020-12-22 | House | Hearing 1/21 at 1:30 p.m. |
| 2020-12-22 | House | Hearing canceled |
| 2020-12-22 | House | Hearing 1/21 at 1:00 p.m. |
| 2021-01-13 | House | First Reading Ways and Means |
| 2020-07-24 | House | Pre-filed |
Same As/Similar To
SB113 (Crossfiled) 2021-01-18 - Hearing 1/26 at 1:00 p.m.
HB224 (Carry Over) 2020-03-13 - Referred Budget and Taxation
HB224 (Carry Over) 2020-03-13 - Referred Budget and Taxation
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 204 | (n/a) | See Bill Text |
| Tax - General | 10 | 305 | (n/a) | See Bill Text |
