Legislation

Title: Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief
Sponsored by: Delegates Hixson, Gutierrez, Rose, and M. Washington
Status: In the Senate - Rereferred to Budget and Taxation
Analysis: Fiscal and Policy Note

Synopsis

Allowing a subtraction modification under the Maryland income tax for income from the discharge of indebtedness related to specified costs incurred with respect to a principal residence; providing that the subtraction may not exceed $100,000 for an individual and $200,000 for a married couple filing jointly or specified individuals; applying the Act to taxable years beginning after December 31, 2016, but before January 1, 2019; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Details

Cross-filed with: SB0367

Introduced in a prior session as: HB0923 Session: 2014 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2017

History

Legislation History
Chamber House Calendar Date 2/09/2017 Legislative Date 2/09/2017 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief Proceedings
Chamber House Calendar Date 2/14/2017 Legislative Date 2/14/2017 Action Hearing 3/08 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 4/05/2017 Legislative Date 4/05/2017 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Favorable Adopted Second Reading Passed Proceedings 63 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief Proceedings
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Third Reading Passed (139-0) Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2017 Legislative Date 4/01/2017 Action Referred Rules Proceedings 61 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2017 Legislative Date 4/10/2017 Action Rereferred to Budget and Taxation Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/09/2017	2/09/2017	First Reading Ways and Means
			Text - First - Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief
House	2/14/2017	2/14/2017	Hearing 3/08 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/05/2017	4/05/2017	Favorable Report by Ways and Means
House	4/05/2017	3/29/2017	Favorable Adopted Second Reading Passed	63 Click to view Recorded Media
			Text - Third - Income Tax - Subtraction Modification - Mortgage Forgiveness Debt Relief
House	4/06/2017	3/30/2017	Third Reading Passed (139-0)	64 Click to view Recorded Media
Senate	4/07/2017	4/01/2017	Referred Rules	61 Click to view Recorded Media
Senate	4/10/2017	4/10/2017	Rereferred to Budget and Taxation

File Code

Subjects

Statutes