HB220 - Homestead Property Tax Credit - Calculation of Credit for Dwelling Purchased by First-Time Homebuyer
Maryland - 2024 Regular Session
Introduced byRobert B. Long
Last updated 9 months ago
1 Co-Sponsor
Authorizing certain local governments to allow, by law, a first-time homebuyer in the State to calculate the homestead property tax credit for property that includes a newly purchased dwelling using a certain method; requiring that the credit for a newly purchased dwelling be calculated in a certain manner; providing that a certain homeowner may receive the larger of the homestead property tax credit amounts as calculated using certain methods; and applying the Act to all taxable years beginning after June 30, 2024.
STATUS
Introduced
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