Legislation

Title: Income Tax - Subtraction Modification - Perpetual Conservation Easements
Sponsored by: Senators Peters, Middleton, Miller, Mathias, and Muse
Status: In the House - Second Reading Passed with Amendments
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing a subtraction modification under the Maryland income tax for the first $500,000 in proceeds from the sale of a perpetual conservation easement on real property in the State.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB1643

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber Senate Calendar Date 1/27/2016 Legislative Date 1/28/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 1/28/2016 Legislative Date 1/28/2016 Action Hearing 2/17 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 4/04/2016 Legislative Date 4/05/2016 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/05/2016 Legislative Date 3/30/2016 Action Favorable with Amendments {169532/1 Report Adopted Proceedings 59
Chamber Senate Calendar Date 4/05/2016 Legislative Date 3/30/2016 Action Second Reading Passed with Amendments Proceedings 59
Chamber Senate Calendar Date 4/06/2016 Legislative Date 3/31/2016 Action Third Reading Passed (46-0) Proceedings 60
Chamber House Calendar Date 4/07/2016 Legislative Date 3/31/2016 Action First Reading House Rules and Executive Nominations Proceedings 63
Chamber House Calendar Date 4/09/2016 Legislative Date 4/09/2016 Action Rereferred to Ways and Means Proceedings
Chamber House Calendar Date 4/09/2016 Legislative Date 4/09/2016 Action Hearing 4/11 at 9:00 a.m. Proceedings
Chamber House Calendar Date 4/11/2016 Legislative Date 4/11/2016 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/11/2016 Legislative Date 4/09/2016 Action Favorable with Amendments {295469/1 Report Adopted Proceedings 72
Chamber House Calendar Date 4/11/2016 Legislative Date 4/09/2016 Action Second Reading Passed with Amendments Proceedings 72

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/27/2016	1/28/2016	First Reading Budget and Taxation
Senate	1/28/2016	1/28/2016	Hearing 2/17 at 1:00 p.m.
Senate	4/04/2016	4/05/2016	Favorable with Amendments Report by Budget and Taxation
Senate	4/05/2016	3/30/2016	Favorable with Amendments {169532/1 Report Adopted	59
Senate	4/05/2016	3/30/2016	Second Reading Passed with Amendments	59
Senate	4/06/2016	3/31/2016	Third Reading Passed (46-0)	60
House	4/07/2016	3/31/2016	First Reading House Rules and Executive Nominations	63
House	4/09/2016	4/09/2016	Rereferred to Ways and Means
House	4/09/2016	4/09/2016	Hearing 4/11 at 9:00 a.m.
House	4/11/2016	4/11/2016	Favorable with Amendments Report by Ways and Means
House	4/11/2016	4/09/2016	Favorable with Amendments {295469/1 Report Adopted	72
House	4/11/2016	4/09/2016	Second Reading Passed with Amendments	72

Documents

Date Posted	Document Name
4/05/2016	Amendments Senate - (Budget and Taxation) {169532/01 Adopted
4/11/2016	Amendments House - (Ways and Means) {295469/01 Adopted
1/28/2016	Text - First - Income Tax - Subtraction Modification - Perpetual Conservation Easements
4/05/2016	Text - Third - Income Tax - Subtraction Modification - Perpetual Conservation Easements
4/05/2016	Vote - Senate - Committee - Budget and Taxation
4/11/2016	Vote - House - Committee - Ways and Means
3/31/2016	Vote - Senate Floor - Third Reading Passed (46-0) - 03/31/16

File Code

Subjects

Statutes