MD SB813 | 2022 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 7 2022 - 25% progression, died in committee
Action: 2022-02-10 - Hearing 3/10 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2022 - 25% progression, died in committee
Action: 2022-02-10 - Hearing 3/10 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 certain capital gains invested in or realized from a certain sustainable materials management project under certain circumstances; and requiring certain taxpayers to add certain capital gains previously excluded from income to determine Maryland adjusted gross income or Maryland modified income under certain circumstances.
Title
Income Tax – Calculation of Taxable Income – Investments in Sustainable Materials Management Projects
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2022-02-10 | Senate | Hearing 3/10 at 1:00 p.m. |
| 2022-02-07 | Senate | First Reading Budget and Taxation |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 205 | (n/a) | See Bill Text |
| Tax - General | 10 | 207 | (n/a) | See Bill Text |
| Tax - General | 10 | 208 | (n/a) | See Bill Text |
| Tax - General | 10 | 306 | (n/a) | See Bill Text |
| Tax - General | 10 | 307 | (n/a) | See Bill Text |
| Tax - General | 10 | 308 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0813?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/sb/sb0813f.pdf |
