Rental Housing Fund, Calculation of Taxable Income, and Transfer Tax - Alterations (Affordable Housing Investment Act)
What this bill does
Requiring the Governor, beginning in fiscal year 2025, to include in the annual budget bill $20,000,000 for the Rental Housing Fund; requiring certain taxpayers to add a certain deduction back to federal adjusted gross income to determine Maryland taxable income; altering the rate of the transfer tax on certain residential real property; and requiring taxpayers who itemize deductions on a State income tax return to reduce the amount of the deductions by the amount of certain qualified residence interest paid or accrued during the taxable year.
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 (27)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Progressive Caucus, Lower Shore | Lower Shore Progressive Caucus | Position only |
| FAV | Schumitz, Kalilobbyist | Maryland Center on Economic Policy | Oral + Written (PDF) |
| FAV | Plante, Cecilia | Maryland Legislative Coalition | Position only |
| FAV | Graziano, Laurenlobbyist | Maryland Multi Housing Association | Written (PDF) |
| FAV | Delegate Palakovich Carr, Delegate Palakovich Carrlegislator | Individual | Oral |
| FAV | Palakovich Carr, Julie | Individual | Written (PDF) |
| FAV | Willems, Miranda | Individual | Oral + Written (PDF) |
| UNF | Duffy, Suzanne | Concerned Citizen | Position only |
| UNF | Graf, Lorilobbyist | Maryland Building Industry Association | Written (PDF) |
| UNF | May, Lisalobbyist | Maryland REALTORS | Written (PDF) |
| UNF | Enten, Robert | Md Bankers Assoc | Oral |
| UNF | Ballentine, Tom | Individual | Written (PDF) |
| UNF | Cirone, Christine | Individual | Position only |
| UNF | Diefenbach, Linda | Individual | Position only |
| UNF | Ditraglia, Frank | Individual | Position only |
| UNF | Elbourn, James | Individual | Position only |
| UNF | Katz, Janet | Individual | Position only |
| UNF | Kolakoski, Virginia | Individual | Position only |
| UNF | Lang, Alan | Individual | Position only |
| UNF | Lang, Kevin | Individual | Position only |
| UNF | Lee, Mickey | Individual | Position only |
| UNF | Meyerovich, Mark | Individual | Position only |
| UNF | Ohmen, Elizabeth | Individual | Position only |
| UNF | Pedersen, Stacy | Individual | Position only |
| UNF | Sirkel, Robin | Individual | Position only |
| UNF | Williams, Peggy | Individual | Position only |
| INFO | sermon, krista | Individual | Written (PDF) |