Income Tax - Subtraction Modification - Rental Real Estate Activities
Sponsor: William J. Wivell (District 2A)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/09 at 2:30 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Allowing a subtraction modification under the Maryland income tax for a certain amount of passive activity loss attributable to certain rental real estate activities.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
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 (4)
MGA witness listFAV 3FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Castelli, Williamlobbyist | Individual | Oral + Written (PDF) |
| FAV | Delegate Wivell, Delegate Wivelllegislator | Individual | Oral |
| FAV | Wivell, Delegate | Individual | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVCastelli, WilliamRegistered for: ASC Engineered Solutions; Berkshire Hathaway Energy GT&S, LLC; Board of County Commissioners of Allegany County, MD; Brown Advisory; Cable Telecommunications Association of Maryland, Delaware and D.C., Inc.; Colonial Pipeline Company…