HOUSE BILL 462

File Code: Miscellaneous

Sponsored By:

Delegate Campbell

Entitled:

Income Tax Credit for State Transfer Tax Paid on Purchase of Home in Designated Neighborhood Revitalization Areas

Synopsis:

Allowing a State income tax credit for transfer tax paid for residential real property that is occupied by the purchaser and is located in an area designated as an eligible neighborhood for economic revitalization assistance under the Neighborhood Business Development Program; and applying the Act to tax years after 1998.

History by Legislative Date

House Action

2/10

First Reading Ways and Means

2/24

Hearing 3/11 at 1:00 p.m.

3/29

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

INCOME TAX

TAX CREDITS -see also- CIRCUIT BREAKER

TRANSFER TAX -see also- RECORDATION

Bill affects the following Statute:

Tax - General

( 10-712 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered