- Title
- Property Tax - Renters' Property Tax Relief Program - Assets Calculation
- Sponsored by
- Delegates Charkoudian, Attar, Ebersole, Fair, Feldmark, Grossman, Henson, Hornberger, R. Long, Mireku-North, Palakovich Carr, Roberts, Vogel, Wells, Wilkins, Wims, Wu, and Young
- Status
- Approved by the Governor - Chapter 898
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
Excluding the cash value of any qualified retirement savings plans or individual retirement accounts from the definition of "assets" for purposes of certain property tax relief provided to certain renters; and applying the Act to all taxable years beginning after June 30, 2024.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Committee Testimony
Details
Cross-filed with: SB0342
Bill File Type: Regular
Effective Date(s): June 1, 2024
Bill imposes a local government mandate, which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
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File Code
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Statutes
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Last Updated: 5/23/2024 4:36 PM