Legislation

Title: Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsored by: Delegates Morales, Angel, D. Barnes, Ebersole, Fennell, Hill, C. Howard, Korman, Luedtke, Queen, Tarlau, Turner, A. Washington, and M. Washington
Status: In the House - Hearing 2/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for contributions to a specified first-time homebuyer savings account during a taxable year and specified earnings on the account; providing that an account holder may claim the subtraction modification under specified circumstances; providing that transfers of money to or from the account are subject to specified requirements and limitations; applying the Act to all taxable years beginning after December 31, 2016; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 1/20/2017 Legislative Date 1/20/2017 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts Proceedings
Chamber House Calendar Date 1/24/2017 Legislative Date 1/24/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	1/20/2017	1/20/2017	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
House	1/24/2017	1/24/2017	Hearing 2/08 at 1:00 p.m.

File Code

Subjects

Statutes