Maryland House Bill 264 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 25 2019 - 25% progression, died in committee
Action: 2019-01-25 - Hearing 2/12 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Authorizing certain local governments to allow, by law, a first-time homebuyer in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods; and applying the Act to taxable years beginning after June 30, 2019.

Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer

Del. Bob Long [R]

Date	Chamber	Action
2019-01-25	House	Hearing 2/12 at 1:00 p.m.
2019-01-25	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0264?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/hb/hb0264f.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0004/hb0264.pdf