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In Maryland an applicant must be the owner of the property and it must be their principle dwelling for at least 6 months out of the year including July 1. An applicants total net worth must be less than $200,000 not including the value of the property and an applicants household income must be less than $60,000 per year.
The Maryland State Archives serves as the central depository for government records of permanent value. [1] [2] Its holdings date from Maryland's founding in 1634, and include colonial and state executive, legislative, and judicial records; county probate, land, and court records; church records; business records; state publications and reports; and special collections of private papers, maps ...
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The LIHTC provides funding for the development costs of low-income housing by allowing an investor (usually the partners of a partnership that owns the housing) to take a federal tax credit equal to a percentage (either 4% or 9%, for 10 years, depending on the credit type) of the cost incurred for development of the low-income units in a rental housing project.
Comptroller of the Treasury of Maryland v. Wynne, 575 U.S. 542 (2015), is a 2015 U.S. Supreme Court decision that applied the Dormant Commerce Clause doctrine to Maryland's personal income tax scheme and found that the failure to provide a full credit for income taxes paid to other states was unconstitutional.
One tool that Maryland has pioneered is Geographic Information Systems (GIS) mapping. StateStat provides maps depicting the distribution of the capital budget and American Recovery and Reinvestment Act dollars across Maryland, along with information about the projects that the money finances. StateStat has partnered with other state agencies to ...
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Critics have also complained that much of the tax credit money goes to cover the pay of celebrity actors. [41] Debate within state government over the value of the tax credits in the face of budget shortfalls led Governor Deval Patrick to attempt to cap the tax credit in 2010. Although this effort was not successful, some point to it as a ...