MD SB372 | 2015 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Democrat 11-4)
Status: Introduced on February 6 2015 - 25% progression, died in committee
Action: 2015-03-11 - Hearing 3/11 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 6 2015 - 25% progression, died in committee
Action: 2015-03-11 - Hearing 3/11 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a subtraction modification under the Maryland income tax for contributions to a specified first-time homebuyer savings account during a taxable year and specified earnings on the account; providing that an account holder may claim the subtraction modification under specified circumstances; providing that transfers of money to or from the account are subject to specified requirements and limitations; applying the Act to all taxable years beginning after December 31, 2014; etc.
Title
Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2015-03-11 | Senate | Hearing 3/11 at 1:00 p.m. |
| 2015-02-06 | Senate | First Reading Budget and Taxation |
Subjects
Comptroller
Exemptions
Financial Institutions
Income Tax
Interest
Penalties and Sentences
Real Property
Records
Rules and Regulations
Taxes - Income
Exemptions
Financial Institutions
Income Tax
Interest
Penalties and Sentences
Real Property
Records
Rules and Regulations
Taxes - Income
