Support Senate Bill 123
Update on the Tax Credit
Bill Information: SB 123 would require banks to provide SDAT with a court order ratifying the sale of real property within 30 days of the sale, effectively removing all tax credits applied to a former owner-occupied home. Why This Is Important: Municipalities can ill afford to allow banks to receive homestead tax credits and other […]
New Construction Tax Credit Extension
Just received an email from reader PPNA Matt — according to Jim Kraft’s office, the tax credit amnesty period goes back to October 1, 2004 (90-day eligibility period prior to 1/1/05) . We did receive a couple of emails about the amnesty date, so hopefully that will clarify things.
Renter’s Tax Credit
There’s good news on the real estate horizon, but you have to act fast. Jamie Smith Hopkins from the Baltimore Sun reports that the City Council has extended the deadline for homeowners to apply for the New Construction Tax Credit. The City Council has just passed a bill, signed into law Tuesday by Mayor Sheila […]
Low-income renters in Maryland can apply for a tax credit until September 1, 2009. Go here to read the requirements and to download the form.