Legislation

Title: Historic Revitalization Tax Credit – Transferability (Historic Revitalization Tax Credit Improvement Act of 2020)
Sponsored by: Delegates Smith, Buckel, and Lierman
Status: Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 633
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Making a certain tax credit for commercial rehabilitations under the historic revitalization tax credit program transferable and refundable under certain circumstances; requiring the Director of the Maryland Historic Trust, in consultation with the Smart Growth Subcabinet, to adopt certain regulations; and applying the Act to taxable years beginning after December 31, 2019.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0978

Bill File Type: Regular

Effective Date(s): July 1, 2020

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 2/03/2020 Legislative Date 2/03/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Historic Revitalization Tax Credit - Transferability, Funding, and Extension (Historic Revitalization Tax Credit Improvement Act of 2020) Proceedings
Chamber House Calendar Date 2/05/2020 Legislative Date 2/05/2020 Action Hearing 2/21 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 3/11/2020 Legislative Date 3/11/2020 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/11/2020 Legislative Date 3/08/2020 Action Favorable with Amendments {705461/1 Adopted Proceedings 45 Click to view Recorded Media
Chamber House Calendar Date 3/11/2020 Legislative Date 3/08/2020 Action Second Reading Passed with Amendments Proceedings 45 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Historic Revitalization Tax Credit – Transferability (Historic Revitalization Tax Credit Improvement Act of 2020) Proceedings
Chamber House Calendar Date 3/13/2020 Legislative Date 3/10/2020 Action Third Reading Passed (132-1) Proceedings 47AClick to view Recorded Media
Chamber Senate Calendar Date 3/13/2020 Legislative Date 3/08/2020 Action Referred Budget and Taxation Proceedings 47AClick to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/17/2020 Legislative Date 3/17/2020 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Favorable Adopted Proceedings 53 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Second Reading Passed Proceedings 53 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (45-0) Proceedings 53CClick to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/16/2020 Action Returned Passed Proceedings 53 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 633 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Historic Revitalization Tax Credit – Transferability (Historic Revitalization Tax Credit Improvement Act of 2020) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/03/2020	2/03/2020	First Reading Ways and Means
			Text - First - Historic Revitalization Tax Credit - Transferability, Funding, and Extension (Historic Revitalization Tax Credit Improvement Act of 2020)
House	2/05/2020	2/05/2020	Hearing 2/21 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/11/2020	3/11/2020	Favorable with Amendments Report by Ways and Means
House	3/11/2020	3/08/2020	Favorable with Amendments {705461/1 Adopted	45 Click to view Recorded Media
House	3/11/2020	3/08/2020	Second Reading Passed with Amendments	45 Click to view Recorded Media
			Text - Third - Historic Revitalization Tax Credit – Transferability (Historic Revitalization Tax Credit Improvement Act of 2020)
House	3/13/2020	3/10/2020	Third Reading Passed (132-1)	47AClick to view Recorded Media
Senate	3/13/2020	3/08/2020	Referred Budget and Taxation	47AClick to view Recorded Media
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/17/2020	3/17/2020	Favorable Report by Budget and Taxation
Senate	3/18/2020	3/14/2020	Favorable Adopted	53 Click to view Recorded Media
Senate	3/18/2020	3/14/2020	Second Reading Passed	53 Click to view Recorded Media
Senate	3/18/2020	3/15/2020	Third Reading Passed (45-0)	53CClick to view Recorded Media
House	3/18/2020	3/16/2020	Returned Passed	53 Click to view Recorded Media
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 633
			Text - Chapter - Historic Revitalization Tax Credit – Transferability (Historic Revitalization Tax Credit Improvement Act of 2020)

File Code

Subjects

Statutes