Income Tax - Addition Modification - Interest for and Depreciation of Residential Rental Property
Sponsor: Malcolm Augustine (District 47)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/28 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Providing, under certain circumstances, an addition modification under the Maryland income tax for interest paid or accrued by a certain disqualified single-family property owner in connection with certain single-family residential real property and for any amount deducted by a disqualified single-family property owner for the depreciation of certain single-family residential real property; etc.
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 (5)
MGA witness listFAV 2FavorableUNF 2UnfavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Augustine, Malcolm | Individual | Written (PDF) |
| FAV | Senator Augustine, Senator Augustinelegislator | Individual | Oral |
| UNF | Pipkin, Matthewlobbyist | Maryland Multi-Housing Association | Written (PDF) |
| UNF | Raine, James | Individual | Position only |
| INFO | Harris, Mrs. | Individual | Position only |
Organizations on record
Registered lobbyists who testified
UNFPipkin, MatthewMaryland Multi-Housing AssociationRegistered for: Maryland Multi-Housing Association