HOUSE BILL 1498

File Code: Taxes - Income

Sponsored By:

Delegates Rudolph, Cane, and Donoghue

Entitled:

Income Tax Credit for Aging-in-Place Home Modifications

Synopsis:

Allowing a State income tax credit for the purchase of a single-family home with specified aging-in-place accessibility features, or the installation of specified aging-in-place accessibility features into a home; limiting the amount of the credit that may be claimed; providing for the carryforward of unused credit under specified circumstances; authorizing the Comptroller to adopt regulations; defining specified terms; etc.

History by Legislative Date

House Action

2/14

First Reading House Rules and Executive Nominations

2/27

Re-referred Ways and Means

3/1

Hearing 3/23 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL

ELDERLY PERSONS

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

INCOME TAX

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-726 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered