HOUSE BILL 1155

Sponsored By:

Delegates Frick, Carr, Hixson, Hucker, A. Kelly, Lee, Mizeur, and Waldstreicher

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

House Action

2/10

First Reading Ways and Means

2/15

Hearing 2/29 at 1:00 p.m.

4/7

Favorable with Amendments Report by Ways and Means

4/2

Favorable with Amendments {235569/1 Report Adopted

Second Reading Passed with Amendments

4/3

Third Reading Passed (99-27)

Senate Action

4/3

First Reading Senate Rules

4/9

Re-referred Budget and Taxation

Sponsored by:

Delegate C. William Frick, District 16

Delegate Alfred C. Carr, Jr., District 18

Delegate Sheila E. Hixson, District 20

Delegate Tom Hucker, District 20

Delegate Ariana B. Kelly, District 16

Delegate Susan C. Lee, District 16

Delegate Heather R. Mizeur, District 20

Delegate Jeff Waldstreicher, District 18

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

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments:

House

Number: 235569/01     Offered on: April 7, 2012   at: 10:43 a.m.     Status: Adopted

Committee Votes :

House

Ways and Means

Roll Call Vote (Legislative date is shown):

House

April 3, 2012: Third Reading Passed (99-27)