Legislation

Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; and applying the Act to taxable years beginning after December 31, 2019.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0263

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 1/16/2020 Legislative Date 1/16/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Opportunity Zone Tax Deduction Reform Act of 2020 Proceedings
Chamber House Calendar Date 1/24/2020 Legislative Date 1/24/2020 Action Hearing 2/13 at 1:00 p.m. Proceedings
Chamber House Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action Hearing canceled Proceedings
Chamber House Calendar Date 1/29/2020 Legislative Date 1/29/2020 Action Hearing 2/12 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/09/2020 Legislative Date 3/09/2020 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/10/2020 Legislative Date 3/07/2020 Action Favorable with Amendments {985761/1 Adopted Proceedings 44 Click to view Recorded Media
Chamber House Calendar Date 3/10/2020 Legislative Date 3/07/2020 Action Second Reading Passed with Amendments Proceedings 44 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Opportunity Zone Tax Deduction Reform Act of 2020 Proceedings
Chamber House Calendar Date 3/12/2020 Legislative Date 3/09/2020 Action Third Reading Passed (88-46) Proceedings 46 Click to view Recorded Media
Chamber Senate Calendar Date 3/13/2020 Legislative Date 3/08/2020 Action Referred Budget and Taxation Proceedings 47 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/16/2020	1/16/2020	First Reading Ways and Means
			Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
House	1/24/2020	1/24/2020	Hearing 2/13 at 1:00 p.m.
House	1/29/2020	1/29/2020	Hearing canceled
House	1/29/2020	1/29/2020	Hearing 2/12 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/09/2020	3/09/2020	Favorable with Amendments Report by Ways and Means
House	3/10/2020	3/07/2020	Favorable with Amendments {985761/1 Adopted	44 Click to view Recorded Media
House	3/10/2020	3/07/2020	Second Reading Passed with Amendments	44 Click to view Recorded Media
			Text - Third - Opportunity Zone Tax Deduction Reform Act of 2020
House	3/12/2020	3/09/2020	Third Reading Passed (88-46)	46 Click to view Recorded Media
Senate	3/13/2020	3/08/2020	Referred Budget and Taxation	47 Click to view Recorded Media

File Code

Subjects

Statutes