Property Tax - Renters' Property Tax Relief Program - Assets Calculation
Sponsor: Lorig Charkoudian (District 20)Committee: Ways and MeansSubject: Taxes - PropertyStatus: Approved by the Governor - Chapter 898 (as of Nov 13, 2024)
What this bill does
Official synopsis
Excluding the cash value of any qualified retirement savings plans or individual retirement accounts from the definition of 'assets' for purposes of certain property tax relief provided to certain renters; and applying the Act to all taxable years beginning after June 30, 2024.
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 (13)
MGA witness listFAV 12FavorableFWA 1Favorable with amendments
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Dyballa, Cindy | City of Takoma Park | Written (PDF) |
| FAV | Roth-Gormley, Shana | Community Law Center | Position only |
| FAV | Higgs, Director Michael | Dept. of Assessments & Taxation | Oral + Written (PDF) |
| FAV | Hyman, Francine | Economic Action MD | Written (PDF) |
| FAV | Gallagher, Zoelobbyist | Economic Action Maryland | Oral + Written (PDF) |
| FAV | Elrich, Marc | Montgomery County Government | Written (PDF) |
| FAV | Holden, Jordan | The CASH Campaign of Maryland | Written (PDF) |
| FAV | Charkoudian, Lorig | Individual | Written (PDF) |
| FAV | Delegate Charkoudian, Delegate Charkoudianlegislator | Individual | Oral |
| FAV | Hill, Matt | Individual | Oral + Written (PDF) |
| FAV | Reddinger, Sarah | Individual | Written (PDF) |
| FAV | Rosa, Richard | Individual | Position only |
| FWA | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |
Organizations on record
Registered lobbyists who testified
FAVGallagher, ZoeEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland