MD SB583 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing certain owners of qualified developments of low income housing to claim a credit against the State income tax; prohibiting a credit in a taxable year from exceeding the owner's State income tax for the taxable year; prohibiting credits claimed by owners of a pass-through entity from exceeding a certain amount; allowing unused credits to be claimed in subsequent taxable years under certain circumstances; requiring the Secretary of Housing and Community Development to approve certain applications; etc.
Title
Income Tax - Affordable Housing Credit
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-28 | Senate | Hearing 3/08 at 1:00 p.m. |
2019-02-28 | Senate | Hearing canceled |
2019-02-06 | Senate | Hearing 3/06 at 1:00 p.m. |
2019-02-04 | Senate | First Reading Budget and Taxation |
Subjects
Business Trusts
Comptroller
Corporations
Housing
Housing and Community Development, Department of
Income Tax
Limited Liability Companies
Partnerships
Reports
Rules and Regulations
Tax Credits
Taxes - Income
Comptroller
Corporations
Housing
Housing and Community Development, Department of
Income Tax
Limited Liability Companies
Partnerships
Reports
Rules and Regulations
Tax Credits
Taxes - Income