Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
What this bill does
Authorizing certain local governments to allow, by law, a first-time homebuyer in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods; and applying the Act to taxable years beginning after June 30, 2021.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (5)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Long, Bob | Delegate Bob Long | Written (PDF) |
| FAV | Mitchell, Susan | Maryland REALTORS | Written (PDF) |
| FAV | Delegate Long, Delegate Longlegislator | Individual | Oral |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |
| INFO | Higgs, Michael | SDAT | Written (PDF) |