Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
Sponsor: Delegate LongCommittee: Ways and MeansSubject: Taxes - PropertyStatus: Hearing 2/15 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
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; and providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods.
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Testimony (5)
MGA witness listFAV 3FavorableUNF 1UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | May, Lisalobbyist | Maryland REALTORS | 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, Director Michael | SDAT | Written (PDF) |