2004 Regular Session

HOUSE BILL 607

File Code: Taxes - Income
Sponsored By:
Delegates Smigiel, Boteler, Cluster, Costa, Dwyer, Eckardt, Haddaway, Kach, Shank, Sossi, and Stocksdale
Entitled:
Income Tax - Gain Recognized on Sale of Agricultural Land Preservation Easement

Synopsis:

Providing a subtraction modification under the Maryland income tax for gain recognized on the sale or other disposition of an easement or other interest in agricultural land to the Maryland Agricultural Land Preservation Foundation; and providing for the application of the Act to tax years beginning after December 31, 2003.

History by Legislative Date

House Action
2/4
First Reading Ways and Means
2/6
Hearing 2/19 at 1:00 p.m.
3/22
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Michael D. Smigiel, Sr., District 36
Delegate Joseph C. Boteler, III, District 8
Delegate John W. E. Cluster, Jr., District 8
Delegate Robert A. Costa, District 33B
Delegate Donald H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate Jeannie Haddaway, District 37B
Delegate Wade Kach, District 5B
Delegate Christopher B. Shank, District 2B
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Bill indexed under the following Subjects:
AGRICULTURE -see also- FARMLAND
CONSERVATION -see also- SOIL CONSERVATION
EASEMENTS
EXEMPTIONS
FARMLAND
INCOME TAX
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