Maryland Senate Bill 978 (Prior Session Legislation)

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Spectrum: Slight Partisan Bill (Democrat 5-2)
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-06 - Hearing 2/18 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Making a certain tax credit for commercial rehabilitations under the historic revitalization tax credit program transferable and refundable under certain circumstances; requiring the Governor to include in the annual budget bill an appropriation of at least $15,000,000 in fiscal year 2022, increasing in each intervening fiscal year up to $30,000,000 in fiscal year 2025, for the tax credit reserve fund; extending the tax credit through fiscal year 2028; applying the Act to taxable years beginning after December 31, 2019; etc.

Historic Revitalization Tax Credit - Transferability, Funding, and Extension (Historic Revitalization Tax Credit Improvement Act of 2020)

Sen. Katie Hester [D]	Sen. Arthur Ellis [D]	Sen. Guy Guzzone [D]	Sen. Antonio Hayes [D]
Sen. Cory McCray [D]	Sen. Johnny Salling [R]	Sen. Chris West [R]

Date	Chamber	Action
2020-02-06	Senate	Hearing 2/18 at 2:00 p.m.
2020-02-03	Senate	First Reading Budget and Taxation

HB862 (Crossfiled) 2020-05-08 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 633

Chapter	Article	Section	Citation Type	Statute Text
State Finance and Procurement	5A	303	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0978?ys=2020RS
Text	https://mgaleg.maryland.gov/2020RS/bills/sb/sb0978f.pdf