Maryland House Bill 1162 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 11-0)
Status: Introduced on February 8 2019 - 25% progression, died in committee
Action: 2019-02-12 - Hearing 3/08 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Authorizing an additional 5% tax credit under the heritage structure rehabilitation tax credit program for certain commercial rehabilitations that qualify as opportunity zone projects; altering the definition of "small commercial project" to include certain residential units sold as part of a development project and certain targeted projects; making the credit transferable and refundable under certain circumstances; requiring the Governor to appropriate at least $20,000,000 for the tax credit reserve fund; etc.

Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability

Del. Brooke Lierman [D]	Del. Julian Ivey [D]	Del. Carol Krimm [D]	Del. Jazz Lewis [D]
Del. Robbyn Lewis [D]	Del. Mary Ann Lisanti [D]	Del. Nick Mosby [D]	Del. Lily Qi [D]
Del. Stephanie Smith [D]	Del. Jen Terrasa [D]	Sen. Alonzo Washington [D]

Date	Chamber	Action
2019-02-12	House	Hearing 3/08 at 1:00 p.m.
2019-02-08	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1162?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/hb/hb1162f.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0002/hb1162.pdf