MD SB427 | 2013 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on January 28 2013 - 25% progression, died in chamber
Action: 2013-02-20 - Hearing 2/20 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 28 2013 - 25% progression, died in chamber
Action: 2013-02-20 - Hearing 2/20 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for the diminution in value of specified agricultural land resulting from enactment of the Sustainable Growth and Agricultural Preservation Act of 2012 and adoption of specified regulations related to nutrient management; providing for the determination of the amount of the credit; requiring an owner of agricultural land to provide specified information with the owner's tax return in order to claim the credit; and applying the Act to taxable years beginning after December 31, 2012.
Title
Income Tax Credit - Agricultural Land - Diminution in Value of Real Property
Sponsors
History
Date | Chamber | Action |
---|---|---|
2013-02-20 | Senate | Hearing 2/20 at 1:00 p.m. |
2013-01-30 | Senate | Reassigned to Budget and Taxation |
2013-01-28 | Senate | First Reading Judicial Proceedings |
Subjects
Agriculture
Appraisals
Comptroller
Environment
Farmland
Income Tax
Real Property
Rules and Regulations
Tax Credits
Taxes - Income
Appraisals
Comptroller
Environment
Farmland
Income Tax
Real Property
Rules and Regulations
Tax Credits
Taxes - Income