Maryland House Bill 7 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 12 2011 - 25% progression, died in chamber
Action: 2011-02-28 - Unfavorable Report by Ways and Means
Text: Latest bill text (Introduced) [PDF]

Allowing a subtraction modification under, and credit against, the State income tax for interest income from loans made to businesses or the owners of businesses located in an enterprise zone; prohibiting the lender from having an equity or other ownership interest in the business entity; requiring a lender to reduce the principal of a residential mortgage loan of an owner of a specified business entity by the amount of the allowed credit within 90 days after an income tax return is filed; etc.

Income Tax - Subtraction Modification and Tax Credit - Interest on Loans to

Del. Dereck Davis [D]

Date	Chamber	Action
2011-02-28		Unfavorable Report by Ways and Means
2011-01-26		Hearing 2/10 at 1:00 p.m.
2011-01-12		First Reading Ways and Means
2010-11-09		Pre-filed

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/HB0007.htm
Text	http://mlis.state.md.us/2011rs/bills/hb/hb0007f.pdf