Legislation

Title: Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsored by: Delegates Hixson, Afzali, Carr, Cullison, Ebersole, Fennell, Gutierrez, C. Howard, Kaiser, Luedtke, Moon, Platt, S. Robinson, and Turner
Status: In the House - Hearing 3/10 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

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, 2014; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0372

Bill File Type: Regular

Effective Date(s): July 1, 2015

History

Legislation History
Chamber House Calendar Date 2/12/2015 Legislative Date 2/13/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/18/2015 Legislative Date 2/18/2015 Action Hearing 3/10 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2015	2/13/2015	First Reading Ways and Means
House	2/18/2015	2/18/2015	Hearing 3/10 at 1:00 p.m.

Documents

Date Posted	Document Name
2/13/2015	Text - First - Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts

File Code

Subjects

Statutes