Historic Revitalization Tax Credit – Credit Amounts and Funding – Alterations
Sponsor: Cory V. McCray (District 45)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 4/06 at 1:15 p.m. (as of Nov 9, 2023)
What this bill does
Official synopsis
Altering the calculation of and limitations on a certain credit against the State income tax for certain rehabilitation projects under the historic revitalization tax credit program; and altering the amount of certain appropriations that the Governor, in fiscal years 2025 through 2031, is required to include in the annual budget bill for the Historic Revitalization Tax Credit Reserve Fund and the Small Commercial Project Trust Account within the Reserve Fund.
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Testimony (5)
MGA witness listFAV 4FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Parks, Katie | Preservation Maryland | Oral + Written (PDF) |
| FAV | Bell, Destiny | Individual | Written (PDF) |
| FAV | Senator McCray, Senator McCraylegislator | Individual | Oral |
| FAV | Senator McCray, Senator McCraylegislator | Individual | Oral |
| INFO | Grady, Helene | Department of Budget and Management | Written (PDF) |