2011 Regular Session


File Code: Taxes - Income Prior Year Introduction As: HB 1429/01 - W&M
Sponsored By:
Senator Middleton
Income Tax - Credit for Charitable Contributions to Community Foundations


Providing an individual a credit against the State income tax in an amount equal to 100% of the amount of unrestricted charitable contributions made by the individual to a community foundation's endowment during the taxable year; providing for a reduction of itemized deductions for Maryland income tax purposes if a credit is claimed; allowing the credit only if the individual's qualified capital gain for the taxable year for which the credit is received is at least $10,000,000; applying the Act to tax years after 2010; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Senate Rules
Motion Rules Suspended for late introduction (Senator Middleton) Adopted
Referred Senate Rules
Re-referred Budget and Taxation
Hearing 3/23 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

Income Tax
Nonprofit Organizations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General
( 10-218 , 10-729 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered