SENATE BILL 337

File Code: Taxes - Income Prior Year Introduction As: SB 294/05 - B&T

Sponsored By:

Senator Dyson

Entitled:

Income Tax - Credit for Preservation and Conservation Easements - Refundability

Synopsis:

Repealing a specified limit 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 2005.

History by Legislative Date

Senate Action

1/27

First Reading Budget and Taxation

2/8

Hearing 2/15 at 1:00 p.m.

2/10

Hearing cancelled

Hearing 2/15 at 12:30 p.m.

2/20

Unfavorable Report by Budget and Taxation

House Action

No Action

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

CONSERVATION -see also- SOIL CONSERVATION

EASEMENTS

FARMLAND

HISTORICAL MATTERS

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