MD HB463 | 2018 | Regular Session
Note: Carry Foward to future HB1178
Status
Spectrum: Partisan Bill (Democrat 22-0)
Status: Introduced on January 25 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 25 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the Maryland income tax for contributions to a certain first-time homebuyer savings account during a taxable year and certain earnings on the account; providing that an account holder may claim the subtraction modification under certain circumstances; providing that transfers of money to or from the account are subject to certain requirements and limitations; applying the Act to all taxable years beginning after December 31, 2017; etc.
Title
Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-14 | House | Hearing 2/14 at 1:00 p.m. |
| 2018-01-25 | House | First Reading Ways and Means |
Same As/Similar To
HB463 (Carry Over) 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Subjects
Comptroller
Exemptions
Financial Institutions
Income Tax
Investments
Records
Rules and Regulations
Taxes - Income
Exemptions
Financial Institutions
Income Tax
Investments
Records
Rules and Regulations
Taxes - Income
