HOUSE BILL 532

File Code: Taxes - Income Crossfiled with: SENATE BILL 294

Sponsored By:

Delegate James

Entitled:

Income Tax - Credit for Preservation and Conservation Easements - Refundability

Synopsis:

Repealing a specified limitation on the amount of a credit against the Maryland income tax for preservation and conservation easements; making specified tax credits for preservation and conservation easements refundable under specified circumstances; and applying the Act to tax years after 2004.

History by Legislative Date

House Action

2/3

First Reading Ways and Means

2/16

Hearing 3/15 at 1:00 p.m.

3/2

Hearing cancelled

Hearing 3/15 at 2:00 p.m.

4/11

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

CONSERVATION -see also- SOIL CONSERVATION

EASEMENTS

FARMLAND

INCOME TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-723 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered