File Code: Taxes - Income
Crossfiled with: SENATE BILL 784
- Sponsored By:
-
Delegate Hixson
- Entitled:
-
Income Tax - Credit for Donated Conservation Easement
Allowing a State income tax credit for 50% of the value of donations
of land or an interest in land to the Maryland Environmental Trust
that are accepted and approved by the Board of Public Works; requiring
that the fair market value of a donation be substantiated by an
appraisal by a certified appraiser; limiting the credit to $50,000 for
an individual and $100,000 for a corporation; allowing unused credit
to be carried forward for up to 10 taxable years; applying the Act to
tax years after 2000; etc.
House Action
- 2/11
- First Reading Ways and Means
- 2/23
- Hearing 3/9 at 1:00 p.m.
- 3/17
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Bill indexed under the following Subjects:
- CONSERVATION -see also- SOIL CONSERVATION
- EASEMENTS
- ENVIRONMENTAL TRUST
- GIFTS
- INCOME TAX
- REAL PROPERTY
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Tax - General
- (
10-205 ,
10-306 ,
10-718
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered