HB0450

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Income Tax Credit - Endow Maryland

Sponsored by:

Delegate Hixson

Status:

In the Senate - Second Reading Passed


Synopsis:Allowing a credit against the State income tax for 25% of the amount of a donation to a qualified permanent endowment fund at an eligible community foundation; requiring the Department of Housing and Community Development to report to the State Department of Assessments and Taxation and the Comptroller, on or before January 31 of each taxable year, the donations that the Department has approved for tax credit certificates during the prior year; applying the Act to all taxable years beginning after December 31, 2014; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Hixson, Harper, A. Miller, Serafini, Stukes, Summers, and A. Washington
Additional Facts:Cross-filed with: SB0486
Bill File Type: Regular
Effective Date(s): July 1, 2014
Committee(s):
Ways and Means   View Committee HearingBudget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Community Development
Community Facilities and Services
Gifts
Housing and Community Development, Department of
Income Tax
Nonprofit Organizations
Public Information
Records -see also- Land Records; Vital Records
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:04 A.M.