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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
Opportunity Zone Tax Deduction Reform Act of 2020
Sponsored by
Senator Rosapepe
Status
In the Senate - Hearing 2/05 at 2:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; and applying the Act to taxable years beginning after December 31, 2019.
Committee Testimony
Details
Cross-filed with: HB0224
Bill File Type: Regular
Effective Date(s): July 1, 2020
Legislation History
Chamber
Senate
Calendar Date
1/20/2020
Legislative Date
1/20/2020
Action
First Reading Budget and Taxation
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
Proceedings
Chamber
Senate
Calendar Date
1/21/2020
Legislative Date
1/21/2020
Action
Hearing 2/05 at 1:00 p.m.
Proceedings
Chamber
Senate
Calendar Date
1/28/2020
Legislative Date
1/28/2020
Action
Hearing canceled
Proceedings
Chamber
Senate
Calendar Date
1/28/2020
Legislative Date
1/28/2020
Action
Hearing 2/05 at 2:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 1/20/2020 1/20/2020 First Reading Budget and Taxation
Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
Senate 1/21/2020 1/21/2020 Hearing 2/05 at 1:00 p.m.
Senate 1/28/2020 1/28/2020 Hearing canceled
Senate 1/28/2020 1/28/2020 Hearing 2/05 at 2:00 p.m.
(   10-204, 10-305 )
Last Updated: 9/22/2020 2:57 PM
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