- Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
- Sponsored by
- Delegates Morales, Angel, D. Barnes, Ebersole, Fennell, Hill, C. Howard, Korman, Luedtke, Queen, Tarlau, Turner, A. Washington, and M. Washington
- In the House - Hearing 2/08 at 1:00 p.m.
- Fiscal and Policy Note
Allowing a subtraction modification under the Maryland income tax for contributions to a specified first-time homebuyer savings account during a taxable year and specified earnings on the account; providing that an account holder may claim the subtraction modification under specified circumstances; providing that transfers of money to or from the account are subject to specified requirements and limitations; applying the Act to all taxable years beginning after December 31, 2016; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2017
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Last Updated: 2/3/2020 2:29 PM