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2018 Regular Session



Income Tax Credit - Endow Maryland - Credit Amounts

Sponsored by:

Delegate Hixson


In the House - Hearing 3/02 at 1:00 p.m.

Synopsis:Increasing from $250,000 to $1,000,000 the aggregate amount of State income tax credits the Department of Housing and Community Development is authorized to issue in a taxable year for donations to certain qualified permanent endowment funds at certain community foundations; and applying the Act to taxable years beginning after December 31, 2018.
Analysis:Not available at this time
All Sponsors:Delegates Hixson, Ali, Ebersole, C. Howard, Jalisi, Luedtke, Turner, Walker, and M. Washington
Additional Facts:Cross-filed with: SB0970
Introduced in a prior session as: HB1119 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Community Facilities and Services
Housing and Community Development, Department of
Income Tax
Nonprofit Organizations
Tax Credits
Statutes:Article - Tax - General

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Explanation of Floor Motions and Actions

February 8, 2018 10:43 P.M.