Homestead Property Tax Credit – Calculation of Credit for Dwelling Purchased by First–Time Homebuyer
Sponsor: Robert B. Long (District 6)Committee: Ways and MeansSubject: Taxes - PropertyStatus: Hearing 1/31 at 1:00 p.m. (as of Nov 9, 2023)
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 (7)
MGA witness listFAV 4FavorableUNF 3Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| FAV | Delegate Long, R., Delegate Long, R.legislator | Individual | Oral |
| FAV | West, Derek | Individual | Position only |
| FAV | Wilson Randall, Claudia | Individual | Position only |
| UNF | Glaser, Jonathan | Dept. of Assessments & Taxation | Oral |
| UNF | Higgs, Director Michael | Dept. of Assessments & Taxation | Oral + Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVGraf, LoriMaryland Building Industry AssociationRegistered for: Maryland Building Industry Association