SENATE BILL 479

File Code: Taxes - Income

Sponsored By:

Senators Dyson, Munson, and Stoltzfus

Entitled:

Income Tax Credit for Preservation and Conservation Easements - Transferability

Synopsis:

Allowing an individual to transfer tax credits for preservation and conservation easements to another individual under limited circumstances; authorizing an individual to whom a credit for preservation or conservation easements is transferred to claim a credit against the Maryland income tax under limited circumstances; etc.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

3/10

Hearing 3/24 at 1:00 p.m.

3/29

Unfavorable Report by Budget and Taxation

House Action

No Action

Sponsored by:

Senator Roy P. Dyson, District 29

Senator Donald F. Munson, District 2

Senator J. Lowell Stoltzfus, District 38

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