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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)
Sponsored by
Delegates Palakovich Carr, Lehman, Charkoudian, Ebersole, Fair, Feldmark, Grossman, R. Lewis, J. Long, Lopez, Moon, Ruth, Smith, Stewart, Taveras, Terrasa, Washington, Wells, and Wilkins
Status
In the House - Hearing 2/09 at 1:00 p.m.
Analysis
Fiscal and Policy Note (Revised)
Synopsis
Requiring the Governor, beginning in fiscal year 2025, to include in the annual budget bill $20,000,000 for the Rental Housing Fund; requiring certain taxpayers to add a certain deduction back to federal adjusted gross income to determine Maryland taxable income; altering the rate of the transfer tax on certain residential real property; and requiring taxpayers who itemize deductions on a State income tax return to reduce the amount of the deductions by the amount of certain qualified residence interest paid or accrued during the taxable year.
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): July 1, 2023, January 1, 2024
Bill imposes a mandated appropriation in the annual State Budget Bill
Legislation History
Chamber
House
Calendar Date
1/20/2023
Legislative Date
1/20/2023
Action
First Reading Ways and Means
Proceedings
Chamber
House
Calendar Date
1/23/2023
Legislative Date
1/23/2023
Action
Hearing 2/09 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 1/20/2023 1/20/2023 First Reading Ways and Means
Text - First - Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)
House 1/23/2023 1/23/2023 Hearing 2/09 at 1:00 p.m.
(   14-104 )
(   10-204, 10-218, 10-305 )
(   13-203 )
Last Updated: 6/9/2023 2:25 PM
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