File Code: Taxes - Income
- Sponsored By:
-
Senators Exum, Currie, Conway, Hughes, Kelley, Lawlah, McFadden,
Mitchell, and Pinsky
- Entitled:
-
Income Tax - State Tax Credit for Qualified Maryland Low-Income
Housing
Allowing a State income tax credit for a qualified Maryland low-income
building that is allocated a federal low-income housing tax credit on
or after January 1, 2002, in an amount equal to the amount of the
federal credit allocated to the building; providing for allocation of
the credit among the partners, members, or shareholders of an entity
owning the Maryland low-income housing; providing for the recapture of
a portion of the State income tax credit under certain circumstances;
etc.
Senate Action
- 1/22
- First Reading Budget and Taxation
- 1/24
- Hearing 2/7 at 1:30 p.m.
- 2/5
- Hearing cancelled
- Hearing 2/7 at 2:00 p.m.
- 3/20
- Referred to interim study by Budget and Taxation
House Action
- No Action
- Sponsored by:
- Senator Nathaniel Exum, District 24
- Senator Joan Carter Conway, District 43
- Senator Ulysses Currie, District 25
- Senator Ralph M. Hughes, District 40
- Senator Delores G. Kelley, District 10
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Clarence M. Mitchell, IV, District 44
- Senator Paul G. Pinsky, District 22
- Bill indexed under the following Subjects:
- COMPTROLLER
- FEDERAL GOVERNMENT
- HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
- HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
- INCOME TAX
- RULES AND REGULATIONS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statute:
- Tax - General
- (
10-722
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered
