Legislation

Title: Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homeowner
Sponsored by: Delegate Long
Status: In the House - Hearing 3/06 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a first-time homeowner in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods; applying the Act to taxable years beginning after June 30, 2018; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): June 1, 2018

Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber House Calendar Date 2/09/2018 Legislative Date 2/09/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homeowner Proceedings
Chamber House Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action Hearing 3/06 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/01/2018 Legislative Date 3/01/2018 Action Hearing canceled Proceedings
Chamber House Calendar Date 3/01/2018 Legislative Date 3/01/2018 Action Hearing 3/06 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2018	2/09/2018	First Reading Ways and Means
			Text - First - Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homeowner
House	2/12/2018	2/12/2018	Hearing 3/06 at 1:00 p.m.
House	3/01/2018	3/01/2018	Hearing canceled
House	3/01/2018	3/01/2018	Hearing 3/06 at 1:00 p.m.

File Code

Subjects

Statutes