MD HB287 | 2024 | Regular Session
Status
Completed Legislative Action
Spectrum: Moderate Partisan Bill (Democrat 16-2)
Status: Passed on May 16 2024 - 100% progression
Action: 2024-05-16 - Approved by the Governor - Chapter 898
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Moderate Partisan Bill (Democrat 16-2)
Status: Passed on May 16 2024 - 100% progression
Action: 2024-05-16 - Approved by the Governor - Chapter 898
Text: Latest bill text (Chaptered) [PDF]
Summary
Excluding the cash value of any qualified retirement savings plans or individual retirement accounts from the definition of "assets" for purposes of certain property tax relief provided to certain renters; and applying the Act to all taxable years beginning after June 30, 2024.
Title
Property Tax - Renters' Property Tax Relief Program - Assets Calculation
Sponsors
Roll Calls
2024-03-27 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2024-02-22 - House - Third Reading Passed (Y: 138 N: 0 NV: 0 Abs: 3) [PASS]
2024-02-22 - House - Third Reading Passed (Y: 138 N: 0 NV: 0 Abs: 3) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2024-05-16 | House | Approved by the Governor - Chapter 898 |
| 2024-03-28 | House | Returned Passed |
| 2024-03-27 | Senate | Third Reading Passed (46-0) |
| 2024-03-26 | Senate | Favorable Adopted Second Reading Passed |
| 2024-03-25 | Senate | Favorable Report by Budget and Taxation |
| 2024-02-23 | Senate | Referred Budget and Taxation |
| 2024-02-22 | House | Third Reading Passed (138-0) |
| 2024-02-20 | House | Second Reading Passed with Amendments |
| 2024-02-20 | House | Favorable with Amendments {823729/1 Adopted |
| 2024-02-19 | House | Favorable with Amendments Report by Ways and Means |
| 2024-01-17 | House | Hearing 2/06 at 1:00 p.m. |
| 2024-01-12 | House | First Reading Ways and Means |
Same As/Similar To
SB342 (Crossfiled) 2024-05-16 - Approved by the Governor - Chapter 899
Subjects
Landlords and Tenants
Leases and Rent
Local Government Mandates
Property Tax
Retirement
Tax Credits
Taxes - Property
Leases and Rent
Local Government Mandates
Property Tax
Retirement
Tax Credits
Taxes - Property
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - Property | 9 | 102 | (n/a) | See Bill Text |
