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]

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.

Tracking Information

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Title

Income Tax Credit - Agricultural Land - Diminution in Value of Real Property

Sponsors


History

DateChamberAction
2013-02-20SenateHearing 2/20 at 1:00 p.m.
2013-01-30SenateReassigned to Budget and Taxation
2013-01-28SenateFirst Reading Judicial Proceedings

Subjects


Maryland State Sources


Bill Comments

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