SB0970

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax Credit - Endow Maryland - Credit Amounts

Sponsored by:

Senator Manno

Status:

In the Senate - Hearing 3/08 at 2:00 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:Fiscal and Policy Note
All Sponsors:Senators Manno, Guzzone, Madaleno, and Young
Additional Facts:Cross-filed with: HB1268
Introduced in a prior session as: SB0641 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Budget and Taxation  View Committee Hearing
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
(10-736)

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March 9, 2018 11:13 A.M.