MD HB220 | 2024 | Regular Session
Note: Carry Over of previous HB73
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-29 - Hearing 2/13 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 10 2024 - 25% progression, died in committee
Action: 2024-01-29 - Hearing 2/13 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizing certain local governments to allow, by law, a first-time homebuyer 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; and applying the Act to all taxable years beginning after June 30, 2024.
Title
Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
Sponsors
| Del. Bob Long [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-29 | House | Hearing 2/13 at 1:00 p.m. |
| 2024-01-25 | House | Hearing canceled |
| 2024-01-10 | House | Hearing 1/25 at 1:00 p.m. |
| 2024-01-10 | House | First Reading Ways and Means |
| 2023-10-30 | House | Pre-filed |
Same As/Similar To
HB73 (Carry Over) 2023-01-17 - Hearing 1/31 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - Property | 9 | 105 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0220?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0220f.pdf |
