Income Tax - Subtraction Modification - First-Time Homebuyer Savings Accounts
Sponsor: Delegate MoralesCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/08 at 1:00 p.m. (as of Dec 5, 2017)
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, 2016; etc.
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Testimony (0)
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