Find a 2015 Bill:

2015 Regular Session



Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts

Sponsored by:

Delegate Hixson


In the House - Hearing 3/10 at 1:00 p.m.

Synopsis:Allowing a subtraction modification under the Maryland income tax for contributions to a specified first-time homebuyer savings account during a taxable year and specified earnings on the account; providing that an account holder may claim the subtraction modification under specified circumstances; providing that transfers of money to or from the account are subject to specified requirements and limitations; applying the Act to all taxable years beginning after December 31, 2014; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Hixson, Afzali, Carr, Cullison, Ebersole, Fennell, Gutierrez, C. Howard, Kaiser, Luedtke, Moon, Platt, S. Robinson, and Turner
Additional Facts:Cross-filed with: SB0372
Bill File Type: Regular
Effective Date(s): July 1, 2015
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Financial Institutions -see also- Banks; Credit Unions; etc.
Income Tax
Penalties and Sentences -see also- Death Penalty
Real Property
Records -see also- Land Records; Vital Records
Rules and Regulations
Statutes:Article - Tax - General

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October 24, 2017 4:45 P.M.