HOUSE BILL 1152

File Code: Real Property Prior Year Introduction As: HB 785/11 - W&M

Sponsored By:

Delegate Haynes

Entitled:

Sustainable Communities Tax Credit - Residential Units for Lower-Income Individuals

Synopsis:

Providing that a rehabilitation with at least 30 residential rental units is ineligible for the Maryland Sustainable Communities Tax Credit unless the individual or business entity seeking the certification agrees to set aside at least 10% of the residential rental units as housing for households whose median income does not exceed 60% of the area median income; applying the Act to initial credit certificates issued on or after July 1, 2012; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.

House Action

2/10

First Reading Ways and Means

2/15

Hearing 3/9 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Apartments

Historical Matters

Housing -see also- Apartments; Condos; Mobile & Manuf Homes

Landlord and Tenant -see also- Eviction; Leases & Rent; etc.

Leases and Rent

Real Property

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

State Finance and Procurement

( 5A-303 )

Documents

All documents except Roll Call Votes are displayed in PDF format:

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered