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:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0224

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/20/2020 Legislative Date 1/20/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Opportunity Zone Tax Deduction Reform Act of 2020 Proceedings
Chamber Senate Calendar Date 1/21/2020 Legislative Date 1/21/2020 Action Hearing 2/05 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing 2/05 at 2:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	1/20/2020	1/20/2020	First Reading Budget and Taxation
			Text - First - Opportunity Zone Tax Deduction Reform Act of 2020
Senate	1/21/2020	1/21/2020	Hearing 2/05 at 1:00 p.m.
Senate	1/28/2020	1/28/2020	Hearing canceled
Senate	1/28/2020	1/28/2020	Hearing 2/05 at 2:00 p.m.

File Code

Subjects

Statutes