Legislation
- Title
- Property Tax - Credit to Offset Increases in Local Income Tax Revenues - Eligibility
- Sponsored by
- Delegate Luedtke
- Status
- Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 445
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Requiring a homeowner to have a homestead property tax credit application on file with the State Department of Assessments and Taxation in order to be eligible for a certain credit against the county or municipal corporation property tax to offset certain increases in local income tax revenues; providing that any increase in county property tax revenue that results from the Act may not be counted toward a certain county limitation on county property tax revenue; applying the Act to taxable years after June 30, 2022; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Committee Testimony
Details
Bill File Type: Regular
Effective Date(s): June 1, 2022
History
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File Code
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Subjects
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Statutes
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9-221 )
Last Updated: 9/22/2020 2:24 PM