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Legislation


2012 Regular Session

SENATE BILL 807

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1155
Sponsored By:
Senators Madaleno, Brinkley, Colburn, Currie, Glassman, Jones-Rodwell, Manno, Montgomery, Peters, Ramirez, Raskin, and McFadden
Entitled:
Income Tax - Subtraction Modification - Land Acquisition for Department of Transportation

Synopsis:

Allowing a subtraction modification under the Maryland income tax for the amount of gain resulting from a payment made by the Maryland Department of Transportation for the acquisition of a portion of an individual's property on which the individual's principal residence is located; limiting the subtraction to a specified amount; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/3
First Reading Budget and Taxation
2/8
Hearing 3/16 at 1:00 p.m.
3/23

Favorable with Amendments Report by Budget and Taxation
3/20
Favorable with Amendments {479435/1 Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (46-0)
4/3
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
House Action
3/24
First Reading Ways and Means
3/27
Hearing 3/28 at 1:00 p.m.
Hearing cancelled
Hearing 4/4 at 1:00 p.m.
4/7
Favorable with Amendments Report by Ways and Means
4/2
Favorable with Amendments {485263/1 Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed with Amendments (97-25)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 587

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator Ulysses Currie, District 25
Senator Barry Glassman, District 35
Senator Verna L. Jones-Rodwell, District 44
Senator Roger P. Manno, District 19
Senator Nathaniel J. McFadden, District 45
Senator Karen S. Montgomery, District 14
Senator Douglas J. J. Peters, District 23
Senator Victor R. Ramirez, District 47
Senator Jamie Raskin, District 20

Bill indexed under the following Subjects:

Condemnation
Exemptions
Highway Administration, State
Highways
Income Tax
Real Property
Transportation, Department of
Transportation -see also- Aircraft; Airports; Boats; etc

Bill affects the following Statutes:

Tax - General
( 10-207 , 10-207 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 479435/01     Offered on: March 23, 2012   at: 6:40 p.m.     Status: Adopted
House
Number: 485263/01     Offered on: April 7, 2012   at: 10:53 a.m.     Status: Adopted
Committee Votes :
Senate
Budget and Taxation
House
Ways and Means
Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2012: Third Reading Passed (46-0)
April 3, 2012: Third Reading Passed (47-0)
House
April 3, 2012: Third Reading Passed (97-25)
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