MD SB1070 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 28 2020 - 25% progression
Action: 2020-02-28 - First Reading Senate Rules
Pending: Senate Rules Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a credit against the State income tax for certain rehabilitation expenses for certain catalytic projects; requiring the Secretary of Housing and Community Development to issue tax credit certificates in an amount equal to 20% of certain rehabilitation expenses, subject to certain limitations; prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $10,000,000; providing for the allocation of the credit among certain associates of a business entity; etc.

Tracking Information

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Title

Economic and Community Development - Tax Credit for Catalytic Projects

Sponsors


History

DateChamberAction
2020-02-28SenateFirst Reading Senate Rules

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Housing and Community Development1101(n/a)See Bill Text
Housing and Community Development6801(n/a)See Bill Text
Housing and Community Development6802(n/a)See Bill Text
Housing and Community Development6803(n/a)See Bill Text
Housing and Community Development6804(n/a)See Bill Text
Housing and Community Development6805(n/a)See Bill Text
Tax - General10751(n/a)See Bill Text

Maryland State Sources


Bill Comments

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