- Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
- Sponsored by
- Delegates Morales, Ali, Angel, Ebersole, Gutierrez, Hettleman, C. Howard, Korman, Krimm, Lafferty, J. Lewis, R. Lewis, Luedtke, Moon, Mosby, Patterson, Pena-Melnyk, Sanchez, Tarlau, Valderrama, M. Washington, and Wilkins
- In the House - Hearing 2/14 at 1:00 p.m.
- Fiscal and Policy Note
Allowing a subtraction modification under the Maryland income tax for contributions to a certain first-time homebuyer savings account during a taxable year and certain earnings on the account; providing that an account holder may claim the subtraction modification under certain circumstances; providing that transfers of money to or from the account are subject to certain requirements and limitations; applying the Act to all taxable years beginning after December 31, 2017; etc.
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Last Updated: 2/3/2020 2:30 PM