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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
Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsored by
Senators Feldman, Astle, Currie, DeGrange, Eckardt, Guzzone, Hough, Jennings, King, Manno, McFadden, Peters, Raskin, Rosapepe, and Waugh
Status
In the Senate - Hearing 3/11 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, 2014; etc.
Details
Cross-filed with: HB0953
Bill File Type: Regular
Effective Date(s): July 1, 2015
Legislation History
Chamber
Senate
Calendar Date
2/05/2015
Legislative Date
2/06/2015
Action
First Reading Budget and Taxation
Proceedings
Chamber
Senate
Calendar Date
2/18/2015
Legislative Date
2/18/2015
Action
Hearing 3/11 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/05/2015 2/06/2015 First Reading Budget and Taxation
Senate 2/18/2015 2/18/2015 Hearing 3/11 at 1:00 p.m.
(   10-208 )
Last Updated: 2/3/2020 2:29 PM
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