MD HB480 | 2022 | Regular Session
Note: Carry Foward to future HB73
Note: Carry Over of previous HB557
Note: Carry Over of previous HB557
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-27 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 21 2022 - 25% progression, died in committee
Action: 2022-01-27 - Hearing 2/15 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; and providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods.
Title
Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
Sponsors
| Del. Bob Long [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2022-01-27 | House | Hearing 2/15 at 1:00 p.m. |
| 2022-01-21 | House | First Reading Ways and Means |
Same As/Similar To
HB480 (Carry Over) 2022-01-27 - Hearing 2/15 at 1:00 p.m.
HB557 (Carry Over) 2021-01-21 - Hearing 2/02 at 1:30 p.m.
HB557 (Carry Over) 2021-01-21 - Hearing 2/02 at 1:30 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/HB0480?ys=2022RS |
| Text | https://mgaleg.maryland.gov/2022RS/bills/hb/hb0480f.pdf |
