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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 and Property Taxes - Qualified Maryland Opportunity Zone Investments
Sponsored by
Senator Hayes
Status
In the Senate - Hearing 3/08 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Allowing a subtraction modification under the Maryland income tax for certain gains from the sale to, or an exchange with, a certain unrelated person of qualified Maryland opportunity zone property; providing for the calculation of the subtraction modification; requiring the governing body of a county or municipal corporation to grant a property tax credit on a certain assessment of qualified Maryland opportunity zone business property under certain circumstances; providing for the amount of the credit; etc.
Committees
Original:
Budget and Taxation  
Details
Cross-filed with: HB1163
Bill File Type: Regular
Effective Date(s): June 1, 2019
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
Legislation History
Chamber
Senate
Calendar Date
2/04/2019
Legislative Date
2/04/2019
Action
First Reading Budget and Taxation
Proceedings
Chamber
Senate
Calendar Date
2/06/2019
Legislative Date
2/06/2019
Action
Hearing 3/08 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 2/04/2019 2/04/2019 First Reading Budget and Taxation
Text - First - Income and Property Taxes - Qualified Maryland Opportunity Zone Investments
Senate 2/06/2019 2/06/2019 Hearing 3/08 at 1:00 p.m.
File Code
Subjects
Statutes
(   10-204, 10-207.1, 10-305, 10-307, 13-718 )
(   9-103.2 )
Last Updated: 2/3/2020 2:34 PM