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; applying the Act to taxable years beginning after December 31, 2020; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0113

Introduced in a prior session as: HB0224 Session: 2020 Regular Session

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber House Calendar Date 7/24/2020 Legislative Date 7/24/2020 Action Pre-filed Proceedings
Chamber House Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:00 p.m. Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing canceled Proceedings
Chamber House Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 1:30 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Opportunity Zone Tax Deduction Reform Act of 2021 Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 2/10/2021 Legislative Date 2/10/2021 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 2/11/2021 Legislative Date 2/11/2021 Action Favorable Adopted Second Reading Passed Proceedings 10 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Opportunity Zone Tax Deduction Reform Act of 2021 Proceedings
Chamber House Calendar Date 2/12/2021 Legislative Date 2/12/2021 Action Third Reading Passed (92-36) Proceedings 11 Click to view Recorded Media
Chamber Senate Calendar Date 2/16/2021 Legislative Date 2/11/2021 Action Referred Budget and Taxation Proceedings 12 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	7/24/2020	7/24/2020	Pre-filed
House	1/13/2021	1/13/2021	First Reading Ways and Means
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:00 p.m.
House	12/22/2020	12/22/2020	Hearing canceled
House	12/22/2020	12/22/2020	Hearing 1/21 at 1:30 p.m.
			Text - First - Opportunity Zone Tax Deduction Reform Act of 2021
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	2/10/2021	2/10/2021	Favorable Report by Ways and Means
House	2/11/2021	2/11/2021	Favorable Adopted Second Reading Passed	10 Click to view Recorded Media
			Text - Third - Opportunity Zone Tax Deduction Reform Act of 2021
House	2/12/2021	2/12/2021	Third Reading Passed (92-36)	11 Click to view Recorded Media
Senate	2/16/2021	2/11/2021	Referred Budget and Taxation	12 Click to view Recorded Media

File Code

Subjects

Statutes