Legislation - HB0507

Title: Allegany and Garrett Counties - Property Tax - Credit for Construction of Housing
Sponsored by: Delegates Buckel and Hinebaugh
Status: In the House - Returned Passed
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Authorizing the governing bodies of Allegany County and Garrett County and municipal corporations located in Allegany County and Garrett County to grant, by law, a property tax credit on certain newly constructed dwellings; prohibiting the tax credit from exceeding $10,000; and applying the Act to all taxable years beginning after June 30, 2024.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Introduced in a prior session as: HB0765 Session: 2023 Regular Session

Bill File Type: Regular

Effective Date(s): June 1, 2024

History

Legislation History
Chamber House Calendar Date 1/24/2024 Legislative Date 1/24/2024 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/24/2024 Legislative Date 1/24/2024 Action Hearing 2/08 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Allegany and Garrett Counties - Property and Income Taxes - Credits for Construction and Purchase of Housing Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/13/2024 Legislative Date 3/13/2024 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/14/2024 Legislative Date 3/03/2024 Action Favorable with Amendments {913227/1 Adopted Proceedings 42 Click to view Recorded Media
Chamber House Calendar Date 3/14/2024 Legislative Date 3/03/2024 Action Second Reading Passed with Amendments Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Allegany and Garrett Counties - Property Tax - Credit for Construction of Housing Proceedings
Chamber House Calendar Date 3/15/2024 Legislative Date 3/06/2024 Action Third Reading Passed (135-0) Proceedings 45 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2024 Legislative Date 3/04/2024 Action Referred Budget and Taxation Proceedings 49AClick to view Recorded Media
Chamber Senate Calendar Date 3/21/2024 Legislative Date 3/21/2024 Action Hearing 3/26 at 12:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 4/04/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Favorable Adopted Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/04/2024 Legislative Date 3/20/2024 Action Second Reading Passed Proceedings 65 Click to view Recorded Media
Chamber Senate Calendar Date 4/05/2024 Legislative Date 3/22/2024 Action Third Reading Passed (39-0) Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/06/2024 Legislative Date 3/26/2024 Action Returned Passed Proceedings 65 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/24/2024	1/24/2024	First Reading Ways and Means
House	1/24/2024	1/24/2024	Hearing 2/08 at 1:00 p.m.
			Text - First - Allegany and Garrett Counties - Property and Income Taxes - Credits for Construction and Purchase of Housing
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/13/2024	3/13/2024	Favorable with Amendments Report by Ways and Means
House	3/14/2024	3/03/2024	Favorable with Amendments {913227/1 Adopted	42 Click to view Recorded Media
House	3/14/2024	3/03/2024	Second Reading Passed with Amendments	42 Click to view Recorded Media
			Text - Third - Allegany and Garrett Counties - Property Tax - Credit for Construction of Housing
House	3/15/2024	3/06/2024	Third Reading Passed (135-0)	45 Click to view Recorded Media
Senate	3/18/2024	3/04/2024	Referred Budget and Taxation	49AClick to view Recorded Media
Senate	3/21/2024	3/21/2024	Hearing 3/26 at 12:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	4/04/2024	4/04/2024	Favorable Report by Budget and Taxation
Senate	4/04/2024	3/20/2024	Favorable Adopted	65 Click to view Recorded Media
Senate	4/04/2024	3/20/2024	Second Reading Passed	65 Click to view Recorded Media
Senate	4/05/2024	3/22/2024	Third Reading Passed (39-0)	67 Click to view Recorded Media
House	4/06/2024	3/26/2024	Returned Passed	65 Click to view Recorded Media

File Code

Subjects

Statutes