Economic and Community Development - Income Tax Credit for Catalytic Revitalization Projects and Historic Revitalization Tax Credit
What this bill does
Allowing a credit against the State income tax to individuals, nonprofit organizations, or business entities for certain new construction costs and rehabilitation costs for certain catalytic revitalization projects; requiring the Secretary of Housing and Community Development to issue tax credit certificates in a certain amount; requiring the Governor, in each of fiscal years 2023 and 2024, to include in the budget bill an appropriation to the Historic Revitalization Tax Credit Reserve Fund of at least $12,000,000; etc.
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 (13)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | McCleaf, Steven | Langley Realty Partners, LLC | Oral |
| FAV | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| FAV | Fry Hester, Katie | Maryland Senate | Written (PDF) |
| FAV | Fry Hester, Katie | Maryland Senate | Written (PDF) |
| FAV | Menefee, Alicia | Parkside at Warfield Board of Directors C/O HPS Management | Written (PDF) |
| FAV | Shaw, Ian | Town of Sykesville | Written (PDF) |
| FAV | Shaw, Ian | Town of Sykesville | Oral + Written (PDF) |
| FAV | Widell, Cherilyn | Widell Preservation Services | Oral + Written (PDF) |
| FAV | Cowan, Eleanorlobbyist | Individual | Written (PDF) |
| FAV | Cowan, Eleanorlobbyist | Individual | Oral |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral |
| FAV | Van Kirk, Jason | Individual | Written (PDF) |