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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
Opportunity Zone Tax Deduction Reform Act of 2020
Sponsored by
Delegates Palakovich Carr, Acevero, Barron, Boyce, Bridges, Carr, Charkoudian, Cullison, Hettleman, Hill, Ivey, Korman, Lehman, R. Lewis, Lierman, Lopez, Moon, Mosby, Pena-Melnyk, Reznik, Shetty, Smith, Solomon, Stewart, Washington, and Wilkins
Status
In the Senate - First Reading Budget and Taxation
Analysis
Fiscal and Policy Note (Revised)
Synopsis
Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; and applying the Act to taxable years beginning after December 31, 2019.
Committee Testimony
Details
Cross-filed with: SB0263
Bill File Type: Regular
Effective Date(s): July 1, 2020
Legislation History
Chamber
House
Calendar Date
1/16/2020
Legislative Date
1/16/2020
Action
First Reading Ways and Means
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
Proceedings
Chamber
House
Calendar Date
1/24/2020
Legislative Date
1/24/2020
Action
Hearing 2/13 at 1:00 p.m.
Proceedings
Chamber
House
Calendar Date
1/29/2020
Legislative Date
1/29/2020
Action
Hearing canceled
Proceedings
Chamber
House
Calendar Date
1/29/2020
Legislative Date
1/29/2020
Action
Hearing 2/12 at 1:00 p.m.
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Vote - House - Committee - Ways and Means
Proceedings
Click to view Recorded Media
Chamber
House
Calendar Date
3/09/2020
Legislative Date
3/09/2020
Action
Favorable with Amendments Report by Ways and Means
Proceedings
Chamber
House
Calendar Date
3/10/2020
Legislative Date
3/07/2020
Action
Favorable with Amendments {985761/1 Adopted
Proceedings
44 Click to view Recorded Media
Chamber
House
Calendar Date
3/10/2020
Legislative Date
3/07/2020
Action
Second Reading Passed with Amendments
Proceedings
44 Click to view Recorded Media
Chamber
Calendar Date
Legislative Date
Action
Text - Third - Opportunity Zone Tax Deduction Reform Act of 2020
Proceedings
Chamber
House
Calendar Date
3/12/2020
Legislative Date
3/09/2020
Action
Third Reading Passed (88-46)
Proceedings
46 Click to view Recorded Media
Chamber
Senate
Calendar Date
3/13/2020
Legislative Date
3/08/2020
Action
Referred Budget and Taxation
Proceedings
47 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Proceedings
House 1/16/2020 1/16/2020 First Reading Ways and Means
Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
House 1/24/2020 1/24/2020 Hearing 2/13 at 1:00 p.m.
House 1/29/2020 1/29/2020 Hearing canceled
House 1/29/2020 1/29/2020 Hearing 2/12 at 1:00 p.m.
Vote - House - Committee - Ways and Means Click to view Recorded Media
House 3/09/2020 3/09/2020 Favorable with Amendments Report by Ways and Means
House 3/10/2020 3/07/2020 Favorable with Amendments {985761/1 Adopted 44 Click to view Recorded Media
House 3/10/2020 3/07/2020 Second Reading Passed with Amendments 44 Click to view Recorded Media
Text - Third - Opportunity Zone Tax Deduction Reform Act of 2020
House 3/12/2020 3/09/2020 Third Reading Passed (88-46) 46 Click to view Recorded Media
Senate 3/13/2020 3/08/2020 Referred Budget and Taxation 47 Click to view Recorded Media
(   10-204, 10-305 )
Last Updated: 9/22/2020 1:40 PM
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