Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsor: Brian J. Feldman (District 15)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 3/11 at 1:00 p.m. (as of Jun 4, 2015)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for contributions to a specified first-time homebuyer savings account during a taxable year and specified earnings on the account; providing that an account holder may claim the subtraction modification under specified circumstances; providing that transfers of money to or from the account are subject to specified requirements and limitations; applying the Act to all taxable years beginning after December 31, 2014; etc.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.