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Bills/2024 Regular Session

SB 342

EnactedCrossfile HB 287
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Property Tax - Renters' Property Tax Relief Program - Assets Calculation

Sponsor: Cory V. McCray (District 45)Committee: Budget and TaxationSubject: Taxes - PropertyStatus: Approved by the Governor - Chapter 899 (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.

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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 (22)

MGA witness list
FAV 19FavorableFWA 2Favorable with amendmentsUNF 1Unfavorable
PositionWitnessOrganizationTestimony
FAVMoore, TonaeyalobbyistCASH CAMPAIGN OF MARYLANDWritten (PDF)
FAVDyballa, CindyCity of Takoma ParkWritten (PDF)
FAVDyballa, CindyCity of Takoma ParkOral + Written (PDF)
FAVRoth-Gormley, ShanaCommunity Law CenterPosition only
FAVGreenberg, JoshuaDepartment of Assessments and TaxationWritten (PDF)
FAVHiggs, Director MichaelDept. of Assessments & TaxationOral + Written (PDF)
FAVBlake, JamilaEconomic Action MarylandOral
FAVGallagher, ZoelobbyistEconomic Action MarylandWritten (PDF)
FAVKohler-Frueh, LeilaHabitat for Humanity of the ChesapeakeOral + Written (PDF)
FAVHunter, MaryHousing Initiative PartnershipOral + Written (PDF)
FAVSteinwedel, WilliamMaryland Legal Aid BureauOral + Written (PDF)
FAVLosak, MatthewMontgomery County Renters Alliance, Inc.Written (PDF)
FAVBell, DestinyIndividualWritten (PDF)
FAVHill, MattIndividualWritten (PDF)
FAVReddinger, SarahIndividualOral
FAVSenator McCray, Senator McCraylegislatorIndividualOral
FAVSenator McCray, Senator McCraylegislatorIndividualOral
FAVWilson Randall, ClaudiaIndividualOral + Written (PDF)
FAVwinkler, tamikaIndividualWritten (PDF)
UNFLang, AlanIndividualPosition only
FWAKinnally, KevinMaryland Association of Counties (MACo)Written (PDF)
FWAKinnally, KevinMaryland Association of Counties (MACo)Written (PDF)

Organizations on record

CASH CAMPAIGN OF MARYLANDFAV 1
City of Takoma ParkFAV 2
Community Law CenterFAV 1
Department of Assessments and TaxationFAV 1
Dept. of Assessments & TaxationFAV 1
Economic Action MarylandFAV 2
Habitat for Humanity of the ChesapeakeFAV 1
Housing Initiative PartnershipFAV 1
Maryland Association of Counties (MACo)FWA 2
Maryland Legal Aid BureauFAV 1
Montgomery County Renters Alliance, Inc.FAV 1

Registered lobbyists who testified

FAVMoore, TonaeyaCASH CAMPAIGN OF MARYLANDRegistered for: CASH Campaign of Maryland
FAVGallagher, ZoeEconomic Action MarylandRegistered for: Maryland Consumer Rights Coalition DBA Economic Action Maryland