SB 394

Enacted

Catalytic Revitalization Project Tax Credit - Alterations

Sponsor: Katie Fry Hester (District 9)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Approved by the Governor - Chapter 159 (as of Nov 13, 2024)

What this bill does

Official synopsis

Altering the amount of a certain credit against the State income tax that certain persons may claim for certain construction and rehabilitation costs for certain catalytic revitalization projects in the State; repealing a certain limitation on the number of initial tax credit certificates the Secretary of Housing and Community Development may award within a 2-year period; prohibiting the Secretary from revoking a tax credit certificate awarded on or before July 1, 2024, except under certain circumstances; etc.

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Testimony (10)

MGA witness list

FAV 9FavorableUNF 1Unfavorable

Position	Witness	Organization	Testimony
FAV	Krumpotich, John	Cascade Properties, LLC	Oral
FAV	Archer, Melissa	Department of Housing and Community Development	Oral + Written (PDF)
FAV	Archer, Melissa	Department of Housing and Community Development	Oral + Written (PDF)
FAV	Fry Hester, Katie	Maryland Senate	Written (PDF)
FAV	Fry Hester, Katie	Maryland Senate	Oral + Written (PDF)
FAV	Senator Hester, Senator Hesterlegislator	Individual	Oral
FAV	Senator Hester, Senator Hesterlegislator	Individual	Oral
FAV	Senator Hester, Senator Hesterlegislator	Individual	Oral
FAV	Wimmer, Olivia	Individual	Written (PDF)
UNF	Graf, Lorilobbyist	Maryland Building Industry Association	Written (PDF)