MD SB113 | 2021 | Regular Session

Note: Carry Over of previous SB263

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 13 2021 - 25% progression, died in committee
Action: 2021-01-18 - Hearing 1/26 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; and applying the Act to taxable years beginning after December 31, 2020.

Tracking Information

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Title

Opportunity Zone Tax Deduction Reform Act of 2021

Sponsors


History

DateChamberAction
2021-01-18SenateHearing 1/26 at 1:00 p.m.
2021-01-18SenateHearing canceled
2021-01-12SenateHearing 1/20 at 1:00 p.m.
2021-01-12SenateHearing canceled
2020-12-22SenateHearing 1/20 at 11:00 a.m.
2021-01-13SenateFirst Reading Budget and Taxation
2020-07-24SenatePre-filed

Same As/Similar To

HB262 (Crossfiled) 2021-02-16 - Referred Budget and Taxation
SB263 (Carry Over) 2020-01-28 - Hearing 2/05 at 2:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10204(n/a)See Bill Text
Tax - General10305(n/a)See Bill Text

Maryland State Sources


Bill Comments

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