1996 Regular Session

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