Legislation

Title: Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Affordable Housing
Sponsored by: Senators Ferguson, Eckardt, Madaleno, Middleton, Young, McFadden, and Muse
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 843
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing an additional 5% tax credit for certain expenditures under the Heritage Structure Rehabilitation Tax Credit for certain commercial rehabilitations that qualify as affordable housing; requiring that the amount of an expired or unclaimed initial credit certificate remain in a certain Reserve Fund and increase the amount of initial credit certificates that the Maryland Historical Trust may issue for the following fiscal year; applying the Act to all taxable years beginning after December 31, 2017; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB1454

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber Senate Calendar Date 2/05/2018 Legislative Date 2/05/2018 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/07/2018 Legislative Date 2/07/2018 Action Hearing 3/14 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Transferability and Affordable Housing Proceedings
Chamber Senate Calendar Date 3/12/2018 Legislative Date 3/12/2018 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 3/12/2018 Legislative Date 3/12/2018 Action Hearing 3/14 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Favorable with Amendments {609032/1 Adopted Proceedings 48AClick to view Recorded Media
Chamber Senate Calendar Date 3/16/2018 Legislative Date 3/16/2018 Action Second Reading Passed with Amendments Proceedings 48AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Transferability and Affordable Housing Proceedings
Chamber Senate Calendar Date 3/19/2018 Legislative Date 3/17/2018 Action Third Reading Passed (47-0) Proceedings 48CClick to view Recorded Media
Chamber House Calendar Date 3/20/2018 Legislative Date 3/16/2018 Action Referred Ways and Means Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/22/2018 Legislative Date 3/22/2018 Action Hearing 3/28 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 4/06/2018 Legislative Date 4/06/2018 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/07/2018 Legislative Date 3/30/2018 Action Favorable with Amendments {585860/1 Adopted Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/07/2018 Legislative Date 3/30/2018 Action Second Reading Passed with Amendments Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/09/2018 Legislative Date 4/01/2018 Action Third Reading Passed (110-27) Proceedings 66 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/03/2018 Action Senate Concurs House Amendments Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/03/2018 Action Third Reading Passed (45-0) Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/09/2018 Legislative Date 4/03/2018 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Affordable Housing Proceedings
Chamber Post Passage Calendar Date 5/26/2018 Legislative Date 5/26/2018 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 843 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Affordable Housing Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/05/2018	2/05/2018	First Reading Budget and Taxation
Senate	2/07/2018	2/07/2018	Hearing 3/14 at 1:00 p.m.
			Text - First - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Transferability and Affordable Housing
Senate	3/12/2018	3/12/2018	Hearing canceled
Senate	3/12/2018	3/12/2018	Hearing 3/14 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/16/2018	3/16/2018	Favorable with Amendments Report by Budget and Taxation
Senate	3/16/2018	3/16/2018	Favorable with Amendments {609032/1 Adopted	48AClick to view Recorded Media
Senate	3/16/2018	3/16/2018	Second Reading Passed with Amendments	48AClick to view Recorded Media
			Text - Third - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Transferability and Affordable Housing
Senate	3/19/2018	3/17/2018	Third Reading Passed (47-0)	48CClick to view Recorded Media
House	3/20/2018	3/16/2018	Referred Ways and Means	50 Click to view Recorded Media
House	3/22/2018	3/22/2018	Hearing 3/28 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/06/2018	4/06/2018	Favorable with Amendments Report by Ways and Means
House	4/07/2018	3/30/2018	Favorable with Amendments {585860/1 Adopted	64 Click to view Recorded Media
House	4/07/2018	3/30/2018	Second Reading Passed with Amendments	64 Click to view Recorded Media
House	4/09/2018	4/01/2018	Third Reading Passed (110-27)	66 Click to view Recorded Media
Senate	4/09/2018	4/03/2018	Senate Concurs House Amendments	65 Click to view Recorded Media
Senate	4/09/2018	4/03/2018	Third Reading Passed (45-0)	65 Click to view Recorded Media
Senate	4/09/2018	4/03/2018	Passed Enrolled
			Text - Enrolled - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Affordable Housing
Post Passage	5/26/2018	5/26/2018	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 843
			Text - Chapter - Heritage Structure Rehabilitation Tax Credit - Commercial Rehabilitations - Affordable Housing

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