2001 Regular Session

SENATE BILL 459

File Code: Taxes - Income Crossfiled with: HOUSE BILL 681
Sponsored By:
Senators Middleton, Hoffman, Astle, and Currie
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

Senate Action
2/2
First Reading Budget and Taxation
2/14
Hearing 3/7 at 1:30 p.m.
4/5
Favorable with Amendments Report by Budget and Taxation
4/2
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed (46-0)
4/7
Returned Passed
5/17
Governor vetoed - Cross-filed bill was signed
House Action
4/1
First Reading Ways and Means
4/9
Favorable Report by Ways and Means
4/4
Favorable Report Adopted
Second Reading Passed
4/5
Third Reading Passed (139-0)
Sponsored by:
Senator Thomas M. Middleton, District 28
Senator John C. Astle, District 30
Senator Ulysses Currie, District 25
Senator Barbara A. Hoffman, District 42
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:
Senate
Number: 429537/1 (PDF)     Offered on: April 5, 2001   at: 7:16 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
April 3, 2001: Third Reading Passed (46-0)
House
April 5, 2001: Third Reading Passed (139-0)