HOUSE BILL 975

Sponsored By:

Delegates Kach, Boteler, and Olszewski

Entitled:

Income Tax - Subtraction Modification - Forest Conservation and Management Program Expenses

Synopsis:

Allowing a subtraction modification under the Maryland income tax for up to $500 of specified expenses incurred by individuals in connection with land preservation under the Forest Conservation and Management Program within the Department of Natural Resources, if the individual's application is approved by the Department; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

House Action

2/10

First Reading Ways and Means

2/15

Hearing 3/2 at 1:00 p.m.

3/24

Favorable with Amendments Report by Ways and Means

3/21

Favorable with Amendments {795368/1 Report Adopted

Second Reading Passed with Amendments

3/22

Third Reading Passed (130-5)

4/6

Returned Passed

Senate Action

3/22

First Reading Budget and Taxation

3/28

Hearing 4/3 at 1:30 p.m.

4/9

Favorable Report by Budget and Taxation

4/4

Favorable Report Adopted

Second Reading Passed

4/5

Third Reading Passed (47-0)

Action after passage in House and Senate

5/22

Approved by the Governor

- Chapter 693

Sponsored by:

Delegate Wade Kach, District 5B

Delegate Joseph C. Boteler, III, District 8

Delegate John A. Olszewski, Jr., District 6

Bill indexed under the following Subjects:

Conservation -see also- Soil Conservation

Exemptions

Income Tax

Surveyors

Trees

Bill affects the following Statutes:

Tax - General

( 10-208 , 10-208 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

House

Number: 795368/01     Offered on: March 24, 2012   at: 5:40 p.m.     Status: Adopted

Committee Votes :

House

Ways and Means

Senate

Budget and Taxation

Roll Call Votes (Legislative dates are shown):

House

March 22, 2012: Third Reading Passed (130-5)

Senate

April 5, 2012: Third Reading Passed (47-0)