HB1454 (CH0842)

Find a 2018 Bill:

2018 Regular Session



Heritage Structure Rehabilitation Tax Credit – Commercial Rehabilitations – Affordable Housing

Sponsored by:

Delegate Washington, A.


Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 842

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.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates A. Washington, Barron, C. Howard, Jackson, and Lierman
Additional Facts:Cross-filed with: SB0967
Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means  View Committee HearingBudget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Commercial Rehabilitation -see also- Urban Renewal
Housing -see also- Apartments; Condos; Mobile & Manuf Homes
Income Tax
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Tax Credits
Statutes:Article - State Finance and Procurement

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Explanation of Floor Motions and Actions

May 31, 2018 1:02 P.M.