2002 Regular Session

SENATE BILL 770

File Code: Taxes - Miscellaneous Prior Year Introduction As: HB 888/01 - W&M Crossfiled with: HOUSE BILL 698
Sponsored By:
Senator Exum
Entitled:
Qualified Maryland Housing Tax Credit

Synopsis:

Allowing a credit against the State insurance premiums tax or 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; applying the Act to tax years after 2002; etc.

History by Legislative Date

Senate Action
2/1
First Reading Budget and Taxation
2/13
Hearing 3/13 at 1:30 p.m.
4/5
Unfavorable Report by Budget and Taxation
House Action
No Action
Bill indexed under the following Subjects:
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INCOME TAX
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Article - 83B Department of Housing and Community Development
( 2-1601 , 2-1602 , 2-1603 , 2-1604 , 2-1605 )
Insurance
( 6-121 )
Tax - General
( 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered