HOUSE BILL 646

File Code: Taxes - Income Prior Year Introduction As: HB 661/00 - W&M

Sponsored By:

Delegates Rudolph, Glassman, James, and Bohanan

Entitled:

Income Tax - Gain Recognized on Sale of Preservation or Conservation Easements

Synopsis:

Providing a subtraction modification under the Maryland income tax for gain recognized on the sale or other disposition of a perpetual easement or other perpetual interest in land to specified preservation or conservation programs established by the State or a county; and applying the Act to tax years after 2000.

History by Legislative Date

House Action

2/7

First Reading Ways and Means

2/28

Hearing 3/9 at 1:00 p.m.

3/19

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate David D. Rudolph, District 35B

Delegate John L. Bohanan, Jr., District 29B

Delegate Barry Glassman, District 35A

Delegate Mary-Dulany James, District 34

Bill indexed under the following Subjects:

CONSERVATION -see also- SOIL CONSERVATION

EASEMENTS

ENVIRONMENTAL TRUST

EXEMPTIONS

FARMLAND

INCOME TAX

PROGRAM OPEN SPACE

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered