2009 Regular Session

SENATE BILL 969

File Code: Taxes - Income
Sponsored By:
Senator Colburn
Entitled:
Income Tax Subtraction Modification - Charitable Donations - Partial Interests in Property

Synopsis:

Allowing an individual or corporation a subtraction modification under the Maryland income tax equal to the fair market value of an in-kind donation of rental space to nonprofit organizations if the donation is not allowed a deduction under the federal income tax; applying the Act to taxable years beginning after December 31, 2008; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/23
First Reading Senate Rules
3/5
Re-referred Budget and Taxation
3/11
Hearing 3/25 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Exemptions
Gifts
Income Tax
Leases and Rent
Nonprofit Organizations

Bill affects the following Statutes:

Tax - General
( 10-208 , 10-208 , 10-308 , 10-308 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered