HOUSE BILL 768

File Code: Taxes - Income

Sponsored By:

Delegates Bobo, V. Clagett, and Glassman

Entitled:

Income Tax Credit for Preservation and Conservation Easements - Transferability

Synopsis:

Allowing an individual to transfer tax credits for preservation and conservation easements to an individual or corporation under specified circumstances; authorizing an individual or corporation to whom a credit is transferred to claim a credit against the Maryland income tax under specified circumstances; applying the Act to tax years after 2003; etc.

History by Legislative Date

House Action

2/6

First Reading Ways and Means

2/18

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

3/22

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Elizabeth Bobo, District 12B

Delegate Virginia P. Clagett, District 30

Delegate Barry Glassman, District 35A

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

CONSERVATION -see also- SOIL CONSERVATION

EASEMENTS

EXEMPTIONS

FARMLAND

FORMS

INCOME TAX

NOTICES

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-723 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered