MD SB908 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/28 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/28 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Providing, under certain circumstances, an addition modification under the Maryland income tax for interest paid or accrued by a certain disqualified single-family property owner in connection with certain single-family residential real property and for any amount deducted by a disqualified single-family property owner for the depreciation of certain single-family residential real property; etc.
Title
Income Tax - Addition Modification - Interest for and Depreciation of Residential Rental Property
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-06 | Senate | Hearing 2/28 at 1:00 p.m. |
| 2024-02-02 | Senate | First Reading Budget and Taxation |
Subjects
Community Development
Housing
Income Tax
Interest
Nonprofit Organizations
Real Property
Residential Property
Taxes - Income
Housing
Income Tax
Interest
Nonprofit Organizations
Real Property
Residential Property
Taxes - Income
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 204 | (n/a) | See Bill Text |
| Tax - General | 10 | 305 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0908?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0908f.pdf |
