SENATE BILL 382

File Code: Taxes - Income

Sponsored By:

Senators Young and McFadden

Entitled:

Income Tax - Deductions for Home Mortgage Interest and Charitable Contributions

Synopsis:

Providing that, notwithstanding any change in federal law after January 1, 1996, for Maryland income tax purposes an individual who elects to itemize deductions is allowed to include deductions for residential home mortgage interest and charitable contributions as allowed under the Internal Revenue Code in effect on January 1, 1996.

Legislative History

Senate Action

1/31

First Reading Budget and Taxation

2/28

Hearing 3/15 at 12:00 p.m.

3/6

Hearing cancelled

Hearing 3/15 at 2:00 p.m.

3/20

Unfavorable Report by Budget and Taxation

House Action

No Action

Sponsored by:

Senator Larry Young, District 44

Senator Nathaniel J. McFadden, District 45

Bill indexed under the following Subjects:

EXEMPTIONS

GIFTS

INCOME TAX

INTEREST

MORTGAGES

Bill affects the following Statute:

Tax - General

( 10-218 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available