Legislation

Title: Income and Property Taxes - Qualified Maryland Opportunity Zone Investments
Sponsored by: Senator Hayes
Status: In the Senate - Hearing 3/08 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for certain gains from the sale to, or an exchange with, a certain unrelated person of qualified Maryland opportunity zone property; providing for the calculation of the subtraction modification; requiring the governing body of a county or municipal corporation to grant a property tax credit on a certain assessment of qualified Maryland opportunity zone business property under certain circumstances; providing for the amount of the credit; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB1163

Bill File Type: Regular

Effective Date(s): June 1, 2019

Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber Senate Calendar Date 2/04/2019 Legislative Date 2/04/2019 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income and Property Taxes - Qualified Maryland Opportunity Zone Investments Proceedings
Chamber Senate Calendar Date 2/06/2019 Legislative Date 2/06/2019 Action Hearing 3/08 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - Income and Property Taxes - Qualified Maryland Opportunity Zone Investments
Senate	2/06/2019	2/06/2019	Hearing 3/08 at 1:00 p.m.

File Code

Subjects

Statutes