HOUSE BILL 1014

File Code: Economic and Community Development

Sponsored By:

Delegate Shriver

Entitled:

Qualified Maryland Housing Tax Credit

Synopsis:

Allowing a credit against the State income tax for qualified Maryland housing; providing for allocation of the aggregate available credit among qualified Maryland housing projects by the Secretary of Housing and Community Development; limiting the aggregate credit that may be authorized for any calendar year; authorizing the Secretary to adopt regulations; requiring the Secretary to adopt specified regulations or policies; defining terms; applying the Act to tax years after 2000; etc.

History by Legislative Date

House Action

2/11

First Reading Ways and Means

3/1

Hearing 3/15 at 1:00 p.m.

3/21

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

CONTRACTS -see also- LAND INSTALLMENT CONTRACTS; PROCUREMENT

HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

INCOME TAX

RECORDS -see also- LAND RECORDS; VITAL RECORDS

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Article - 83B Department of Housing and Community Development

( 2-1501 , 2-1502 , 2-1503 , 2-1504 , 2-1505 )

Tax - General

( 10-718 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered