Legislation

Title: Income Tax – Calculation of Taxable Income – Investments in Sustainable Materials Management Projects
Sponsored by: Senators Hester and Edwards
Status: In the Senate - Hearing 3/10 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for certain capital gains invested in or realized from a certain sustainable materials management project under certain circumstances; and requiring certain taxpayers to add certain capital gains previously excluded from income to determine Maryland adjusted gross income or Maryland modified income under certain circumstances.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2022

History

Legislation History
Chamber Senate Calendar Date 2/07/2022 Legislative Date 2/07/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Calculation of Taxable Income – Investments in Sustainable Materials Management Projects Proceedings
Chamber Senate Calendar Date 2/10/2022 Legislative Date 2/10/2022 Action Hearing 3/10 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/07/2022	2/07/2022	First Reading Budget and Taxation
			Text - First - Income Tax – Calculation of Taxable Income – Investments in Sustainable Materials Management Projects
Senate	2/10/2022	2/10/2022	Hearing 3/10 at 1:00 p.m.

File Code

Subjects

Statutes