Legislation

Title: Income Tax - Subtraction Modification - Perpetual Conservation Easements
Sponsored by: Delegates Jackson, Afzali, Ebersole, Long, Luedtke, Reilly, Rose, Patterson, and Turner
Status: Approved by the Governor - Chapter 303
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing a subtraction modification under the Maryland income tax for the first $50,000 in proceeds from the sale of a perpetual conservation easement on real property in the State; and applying the Act to all taxable years beginning after December 31, 2017.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Introduced in a prior session as: HB1174 Session: 2017 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 7/19/2017 Legislative Date 7/19/2017 Action Pre-filed Proceedings
Chamber House Calendar Date 1/10/2018 Legislative Date 1/10/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Perpetual Conservation Easements Proceedings
Chamber House Calendar Date 1/03/2018 Legislative Date 1/03/2018 Action Hearing 1/17 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 3/01/2018 Legislative Date 3/01/2018 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/02/2018 Legislative Date 3/02/2018 Action Favorable with Amendments {145467/1 Adopted Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/02/2018 Legislative Date 3/02/2018 Action Second Reading Passed with Amendments Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Subtraction Modification - Perpetual Conservation Easements Proceedings
Chamber House Calendar Date 3/06/2018 Legislative Date 3/06/2018 Action Third Reading Passed (138-0) Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/07/2018 Legislative Date 3/07/2018 Action Referred Budget and Taxation Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/14/2018 Legislative Date 3/14/2018 Action Hearing 3/20 at 1:00 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 3/29/2018 Legislative Date 3/29/2018 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/29/2018 Legislative Date 3/26/2018 Action Favorable Adopted Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 3/29/2018 Legislative Date 3/26/2018 Action Second Reading Passed Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 3/30/2018 Legislative Date 3/27/2018 Action Third Reading Passed (46-0) Proceedings 58 Click to view Recorded Media
Chamber House Calendar Date 4/02/2018 Legislative Date 3/24/2018 Action Returned Passed Proceedings 58 Click to view Recorded Media
Chamber Post Passage Calendar Date 4/24/2018 Legislative Date 4/24/2018 Action Approved by the Governor - Chapter 303 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Subtraction Modification - Perpetual Conservation Easements Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	7/19/2017	7/19/2017	Pre-filed
House	1/10/2018	1/10/2018	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - Perpetual Conservation Easements
House	1/03/2018	1/03/2018	Hearing 1/17 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/01/2018	3/01/2018	Favorable with Amendments Report by Ways and Means
House	3/02/2018	3/02/2018	Favorable with Amendments {145467/1 Adopted	38 Click to view Recorded Media
House	3/02/2018	3/02/2018	Second Reading Passed with Amendments	38 Click to view Recorded Media
			Text - Third - Income Tax - Subtraction Modification - Perpetual Conservation Easements
House	3/06/2018	3/06/2018	Third Reading Passed (138-0)	40 Click to view Recorded Media
Senate	3/07/2018	3/07/2018	Referred Budget and Taxation	41 Click to view Recorded Media
Senate	3/14/2018	3/14/2018	Hearing 3/20 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/29/2018	3/29/2018	Favorable Report by Budget and Taxation
Senate	3/29/2018	3/26/2018	Favorable Adopted	57 Click to view Recorded Media
Senate	3/29/2018	3/26/2018	Second Reading Passed	57 Click to view Recorded Media
Senate	3/30/2018	3/27/2018	Third Reading Passed (46-0)	58 Click to view Recorded Media
House	4/02/2018	3/24/2018	Returned Passed	58 Click to view Recorded Media
Post Passage	4/24/2018	4/24/2018	Approved by the Governor - Chapter 303
			Text - Chapter - Income Tax - Subtraction Modification - Perpetual Conservation Easements

File Code

Subjects

Statutes