File Code: Taxes - Income
Prior Year Introduction As:
HB 1429/01 - W&M
- Sponsored By:
-
Senator Middleton
- Entitled:
-
Income Tax - Credit for Charitable Contributions to Community Foundations
Providing an individual a credit against the State income tax in an
amount equal to 100% of the amount of unrestricted charitable
contributions made by the individual to a community foundation's
endowment during the taxable year; providing for a reduction of
itemized deductions for Maryland income tax purposes if a credit is
claimed; allowing the credit only if the individual's qualified
capital gain for the taxable year for which the credit is received is
at least $10,000,000; applying the Act to tax years after 2010; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
Senate Action
- 3/8
- First Reading Senate Rules
- Motion Rules Suspended for late introduction (Senator Middleton) Adopted
- Referred Senate Rules
- 3/14
- Re-referred Budget and Taxation
- Hearing 3/23 at 1:00 p.m.
House Action
- No Action
Bill indexed under the following Subjects:
- Exemptions
- Gifts
- Income Tax
- Nonprofit Organizations
- Tax Credits -see also- Circuit Breaker
Bill affects the following Statutes:
- Tax - General
- (
10-218 ,
10-729
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered
