Legislation

Title: Income Tax Credit - Endow Maryland
Sponsored by: Delegates Hixson, Harper, A. Miller, Serafini, Stukes, Summers, and A. Washington
Status: In the Senate - Second Reading Passed
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing a credit against the State income tax for 25% of the amount of a donation to a qualified permanent endowment fund at an eligible community foundation; requiring the Department of Housing and Community Development to report to the State Department of Assessments and Taxation and the Comptroller, on or before January 31 of each taxable year, the donations that the Department has approved for tax credit certificates during the prior year; applying the Act to all taxable years beginning after December 31, 2014; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Details

Cross-filed with: SB0486

Bill File Type: Regular

Effective Date(s): July 1, 2014

History

Legislation History
Chamber House Calendar Date 1/24/2014 Legislative Date 1/27/2014 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/30/2014 Legislative Date 1/30/2014 Action Hearing 2/14 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Hearing cancelled Proceedings
Chamber House Calendar Date 2/05/2014 Legislative Date 2/05/2014 Action Hearing 2/18 at 1:00 p.m. Proceedings
Chamber House Calendar Date 2/12/2014 Legislative Date 2/12/2014 Action Hearing cancelled Proceedings
Chamber House Calendar Date 2/12/2014 Legislative Date 2/12/2014 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/28/2014 Legislative Date 3/31/2014 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/01/2014 Legislative Date 3/25/2014 Action Favorable with Amendments {305363/1 Report Adopted Proceedings 61
Chamber House Calendar Date 4/01/2014 Legislative Date 3/25/2014 Action Second Reading Passed with Amendments Proceedings 61
Chamber House Calendar Date 4/02/2014 Legislative Date 3/26/2014 Action Third Reading Passed (118-14) Proceedings 62
Chamber Senate Calendar Date 4/03/2014 Legislative Date 3/25/2014 Action First Reading Senate Rules Proceedings 59
Chamber Senate Calendar Date 4/05/2014 Legislative Date 3/07/2014 Action Rereferred to Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/07/2014 Legislative Date 4/07/2014 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/29/2014 Action Favorable Proceedings 63
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/29/2014 Action Special Order until later today (Senator Middleton) Adopted Proceedings 63
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/30/2014 Action Favorable Report Adopted Proceedings 64
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/30/2014 Action Second Reading Passed Proceedings 64
Chamber Senate Calendar Date 4/07/2014 Legislative Date 3/31/2014 Action Special Order until later today (Senator Robey) Adopted Proceedings 65

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/24/2014	1/27/2014	First Reading Ways and Means
House	1/30/2014	1/30/2014	Hearing 2/14 at 1:00 p.m.
House	2/05/2014	2/05/2014	Hearing cancelled
House	2/05/2014	2/05/2014	Hearing 2/18 at 1:00 p.m.
House	2/12/2014	2/12/2014	Hearing cancelled
House	2/12/2014	2/12/2014	Hearing 3/05 at 1:00 p.m.
House	3/28/2014	3/31/2014	Favorable with Amendments Report by Ways and Means
House	4/01/2014	3/25/2014	Favorable with Amendments {305363/1 Report Adopted	61
House	4/01/2014	3/25/2014	Second Reading Passed with Amendments	61
House	4/02/2014	3/26/2014	Third Reading Passed (118-14)	62
Senate	4/03/2014	3/25/2014	First Reading Senate Rules	59
Senate	4/05/2014	3/07/2014	Rereferred to Budget and Taxation
Senate	4/07/2014	4/07/2014	Favorable Report by Budget and Taxation
Senate	4/07/2014	3/29/2014	Favorable	63
Senate	4/07/2014	3/29/2014	Special Order until later today (Senator Middleton) Adopted	63
Senate	4/07/2014	3/30/2014	Favorable Report Adopted	64
Senate	4/07/2014	3/30/2014	Second Reading Passed	64
Senate	4/07/2014	3/31/2014	Special Order until later today (Senator Robey) Adopted	65

Documents

Date Posted	Document Name
4/01/2014	Amendments House - (Ways and Means) {305363/01 Adopted
1/28/2014	Text - First - Income Tax Credit - Endow Maryland
4/01/2014	Text - Third - Income Tax Credit - Endow Maryland
3/28/2014	Vote - House - Committee - Ways and Means
4/07/2014	Vote - Senate - Committee - Budget and Taxation
3/26/2014	Vote - House Floor - Third Reading Passed (118-14) - 03/26/14

File Code

Subjects

Statutes