- Title
- Opportunity Zone Tax Deduction Reform Act of 2021
- Sponsored by
- Senator Rosapepe
- Status
- In the Senate - Hearing 1/26 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
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.
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Last Updated: 1/29/2021 12:48 PM