MD SB728 | 2016 | Regular Session

Status

Spectrum: Slight Partisan Bill (Republican 3-1)
Status: Engrossed on April 6 2016 - 50% progression, died in chamber
Action: 2016-04-11 - Favorable with Amendments Report by Ways and Means
Text: Latest bill text (Engrossed) [PDF]

Summary

Allowing a record owner of a specified new dwelling in a specified county to claim a credit against the State income tax in an amount equal to $1.25 for each square foot of the new dwelling if a specified automatic fire sprinkler system is installed in the new dwelling; requiring the Office of the State Fire Marshal to approve applications for the credit; providing that the Office may not approve a credit in a taxable year beginning after December 31, 2018; limiting the total amount of credits to $1,000,000 in any taxable year; etc.

Tracking Information

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Title

Income Tax Credit - New Dwellings - Automatic Fire Sprinkler Systems

Sponsors


Roll Calls

2016-03-31 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2016-04-11HouseFavorable with Amendments Report by Ways and Means
2016-04-11HouseHearing 4/11 at 9:00 a.m.
2016-04-09HouseRereferred to Ways and Means
2016-04-07HouseFirst Reading House Rules and Executive Nominations
2016-04-06SenateThird Reading Passed (46-0)
2016-04-05SenateSecond Reading Passed with Amendments
2016-04-05SenateFavorable with Amendments {719030/1 Report Adopted
2016-04-05SenateFavorable with Amendments Report by Budget and Taxation
2016-03-09SenateHearing 3/09 at 1:00 p.m.
2016-02-05SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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