2001 Regular Session

HOUSE BILL 681

CHAPTER NUMBER: 676 File Code: Taxes - Income Crossfiled with: SENATE BILL 459
Sponsored By:
Delegates W. Baker and Stocksdale (Agricultural Land Preservation Task Force)
Entitled:
Income Tax - Credit for Preservation and Conservation Easements

Synopsis:

Allowing an individual a credit against the State income tax for the donation of a perpetual easement in land to the Maryland Environmental Trust or the Maryland Agricultural Land Preservation Foundation for the purpose of preserving open space, natural resources, agriculture, forest land, watersheds, significant ecosystems, viewsheds, or historic properties, subject to specified limitations; allowing unused credit to be carried forward and used for 15 succeeding taxable years; etc.

History by Legislative Date

House Action
2/7
First Reading Ways and Means
2/14
Hearing 3/1 at 1:00 p.m.
4/3
Favorable with Amendments Report by Ways and Means
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed (138-0)
4/4
Returned Passed
5/18
Signed by the Governor Chapter 676
Senate Action
4/2
First Reading Senate Rules
4/6
Re-referred Budget and Taxation
4/9
Favorable Report by Budget and Taxation
4/5
Favorable Report Adopted
Second Reading Passed
Motion two readings same day Const/Rule 24 (Senator Hoffman) Adopted
Third Reading Passed (44-0)
Sponsored by:
Delegate Wheeler R. Baker, District 36
Delegate Nancy R. Stocksdale, District 5
Bill indexed under the following Subjects:
APPRAISALS
CONSERVATION -see also- SOIL CONSERVATION
EASEMENTS
ENVIRONMENTAL MATTERS -see also- CONSERV; NAT RSRCES; POLLUT
ENVIRONMENTAL TRUST
FARMLAND
HISTORICAL MATTERS
INCOME TAX
REAL ESTATE -see also- AGENTS AND BROKERS
REAL PROPERTY
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Tax - General
( 10-218 , 10-722 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 595664/1 (PDF)     Offered on: April 4, 2001   at: 11:10 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 31, 2001: Third Reading Passed (138-0)
Senate
April 5, 2001: Third Reading Passed (44-0)