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HB 1155 - Income Tax - Subtraction Modification - Land Acquisition for Department of Transportation
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Tracking Level: No Position
Sponsor: Delegate C. William Frick, District 16
Last Action: 4/9/2012 - S Re-referred Budget and Taxation
House Committee: House Committee on Ways and Means
Assigned To:
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Taxes and RevenuesNext Bill

Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-HB 1155
2012 Regular Session

HOUSE BILL 1155

File Code: Taxes - Income Crossfiled with: SENATE BILL 807
Sponsored By:
Delegates Frick, Carr, Hixson, Hucker, A. Kelly, Lee, Mizeur, and Waldstreicher
Entitled:
Income Tax - Subtraction Modification - Land Acquisition for Department of Transportation

Synopsis:

Allowing a subtraction modification under the Maryland income tax for the amount of gain resulting from a payment made by the Maryland Department of Transportation for the acquisition of a portion of an individual's property on which the individual's principal residence is located; limiting the subtraction to a specified amount; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/10
First Reading Ways and Means
2/15
Hearing 2/29 at 1:00 p.m.
4/7

Favorable with Amendments Report by Ways and Means
4/2
Favorable with Amendments {235569/1 Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed (99-27)
Senate Action
4/3
First Reading Senate Rules
4/9
Re-referred Budget and Taxation

Sponsored by:

Delegate C. William Frick, District 16
Delegate Alfred C. Carr, Jr., District 18
Delegate Sheila E. Hixson, District 20
Delegate Tom Hucker, District 20
Delegate Ariana B. Kelly, District 16
Delegate Susan C. Lee, District 16
Delegate Heather R. Mizeur, District 20
Delegate Jeff Waldstreicher, District 18

Bill indexed under the following Subjects:

Condemnation
Exemptions
Highway Administration, State
Highways
Income Tax
Real Property
Transportation, Department of
Transportation -see also- Aircraft; Airports; Boats; etc

Bill affects the following Statutes:

Tax - General
( 10-207 , 10-207 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments:
House
Number: 235569/01     Offered on: April 7, 2012   at: 10:43 a.m.     Status: Adopted
Committee Votes :
House
Ways and Means
Roll Call Vote (Legislative date is shown):
House
April 3, 2012: Third Reading Passed (99-27)