The Renters’ Tax Credit is currently only available to low-income and/or senior renters. However, our legislators did do something positive on this front during this year’s legislative session — the credit has been increased from $750 to $1000. HB340 was signed into law by Governor Hogan in May. If you think you might qualify for Read more about Maryland Renters’ Tax Credit: Deadline September 1[…]
Millions of Americans are paying more than 30% of their net monthly income for housing costs, resulting in overburdened households in danger of falling into poverty, if they’re not there already. In the Baltimore region, according to the new report released today by the Joint Center for Housing Studies at Harvard University, almost 50% of Read more about The Time for Affordable Housing is NOW.[…]
I received this missive today from Thomas Stosur, Director of Baltimore City’s Department of Planning: RE: CITY COUNCIL BILL #14-0359 / TAX CREDITS – CITYWIDE HIGH-PERFORMANCE MARKET-RATE RENTAL HOUSING For the purpose of providing a Citywide property tax credit for certain newly constructed or converted high-performance market-rate rental housing projects; imposing certain limitations, conditions, and Read more about City to Offer Tax Credit for Market-Rate Housing[…]
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 Read more about Support Senate Bill 123[…]
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.
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 Read more about New Construction Tax Credit Extension[…]
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.