1999 Regular Session

HOUSE BILL 789

CHAPTER NUMBER: 667 File Code: Economic and Community Development Crossfiled with: SENATE BILL 507
Sponsored By:
Delegates Rudolph, Taylor, Bozman, Riley, and Hecht
Entitled:
Heritage Structure Rehabilitation Tax Credit - Mortgage Credit Certificates

Synopsis:

Allowing a business entity or individual under specified circumstances to elect to receive a historical rehabilitation mortgage credit certificate in lieu of a specified tax credit allowed for qualified expenses for the certified rehabilitation of certified heritage structures; providing that a historical rehabilitation mortgage credit certificate may be transferred to a lending institution subject to Maryland tax and may be used by the lending institution to claim a tax credit; etc.

History by Legislative Date

House Action
2/12
First Reading Ways and Means
2/24
Hearing 3/19 at 1:00 p.m.
3/26

Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/27
Third Reading Passed (140-0)
4/9
House Concur - Senate Amendments
Third Reading Passed (138-0)
Passed Enrolled
5/27
Signed by the Governor Chapter 667
Senate Action
3/29
First Reading Budget and Taxation
4/10
Favorable with Amendments Report by Budget and Taxation
4/9
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/10
Third Reading Passed with Amendments (47-0)
Sponsored by:
Delegate David D. Rudolph, District 35B
Delegate K. Bennett Bozman, District 38
Delegate C. Sue Hecht, District 3
Delegate B. Daniel Riley, District 34
Delegate Casper R. Taylor, Jr., District 1C
Bill indexed under the following Subjects:
ADMINISTRATIVE AGENCIES
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
HISTORICAL MATTERS
MORTGAGES
NONPROFIT ORGANIZATIONS
REAL PROPERTY
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Article - 83B Department of Housing and Community Development
( 5-801 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 255259/1 (PDF)     Offered on: March 26, 1999   at: 10:59 a.m.     Status: Adopted
Senate
Number: 249629/1 (PDF)     Offered on: April 10, 1999   at: 9:52 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 27, 1999: Third Reading Passed (140-0)
April 9, 1999: Third Reading Passed (138-0)
Senate
April 10, 1999: Third Reading Passed (47-0)