Legislation

Title: Heritage Structure Rehabilitation Tax Credit - Single-Family, Owner-Occupied Residence - Income Limitation
Sponsored by: Delegates Tarlau, Moon, and K. Young
Status: In the House - Hearing 2/28 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting a certain taxpayer from claiming the Heritage Structure Rehabilitation Tax Credit under the Maryland income tax if the taxpayer's federal adjusted gross income exceeds $500,000 for a taxpayer who does not file a joint income tax return or $1,000,000 for a married couple filing a joint income tax return; specifying certain income levels above which a certain phase-down of the tax credit is required; and applying the Act to tax credit certificates issued after July 1, 2018.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/07/2018 Legislative Date 2/07/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Heritage Structure Rehabilitation Tax Credit - Single-Family, Owner-Occupied Residence - Income Limitation Proceedings
Chamber House Calendar Date 2/08/2018 Legislative Date 2/08/2018 Action Hearing 2/28 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2018	2/07/2018	First Reading Ways and Means
			Text - First - Heritage Structure Rehabilitation Tax Credit - Single-Family, Owner-Occupied Residence - Income Limitation
House	2/08/2018	2/08/2018	Hearing 2/28 at 1:00 p.m.

File Code

Subjects

Statutes