- Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)
- Sponsored by
- Delegates Palakovich Carr, Lehman, Charkoudian, Ebersole, Fair, Feldmark, Grossman, R. Lewis, J. Long, Lopez, Moon, Ruth, Smith, Stewart, Taveras, Terrasa, Washington, Wells, and Wilkins
- In the House - Hearing 2/09 at 1:00 p.m.
- Fiscal and Policy Note (Revised)
Requiring the Governor, beginning in fiscal year 2025, to include in the annual budget bill $20,000,000 for the Rental Housing Fund; requiring certain taxpayers to add a certain deduction back to federal adjusted gross income to determine Maryland taxable income; altering the rate of the transfer tax on certain residential real property; and requiring taxpayers who itemize deductions on a State income tax return to reduce the amount of the deductions by the amount of certain qualified residence interest paid or accrued during the taxable year.
Bill File Type: Regular
Effective Date(s): July 1, 2023, January 1, 2024
Bill imposes a mandated appropriation in the annual State Budget Bill
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Last Updated: 6/9/2023 2:25 PM