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2018 Regular Session



Income Tax - Subtraction Modification - Perpetual Conservation Easements

Sponsored by:

Senator Peters


In the Senate - Unfavorable Report by Budget and Taxation; Withdrawn

Synopsis:Providing a subtraction modification under the Maryland income tax for the first $250,000 in proceeds from the sale of a perpetual conservation easement on real property in the State; and applying the Act to all taxable years beginning after December 31, 2017.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Peters, Middleton, and Miller
Additional Facts:Introduced in a prior session as: SB0254 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Conservation -see also- Soil Conservation
Income Tax
Statutes:Article - Tax - General

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March 9, 2018 12:32 P.M.