2002 Regular Session

SENATE BILL 77

File Code: Taxes - Income
Sponsored By:
Senator Van Hollen
Entitled:
Chesapeake Bay Protection - Tax Credit for Improved On-Site Sewerage Disposal Systems

Synopsis:

Allowing an individual or a corporation repairing, replacing, or modifying an existing on-site sewerage disposal system to claim a credit against the State income tax for 70% of the costs of purchasing and installing approved nitrogen removal technology; limiting the credit to $4,900 of any on-site sewerage disposal system; allowing unused credit amounts to be carried forward to specified taxable years; applying the Act to tax years after 2001; etc.

History by Legislative Date

Senate Action
09/13
Pre-filed
1/9
First Reading Budget and Taxation
Hearing 1/23 at 2:30 p.m.
House Action
No Action
Bill indexed under the following Subjects:
ENVIRONMENTAL MATTERS -see also- CONSERV; NAT RSRCES; POLLUT
INCOME TAX
POLLUTION -see also- SEDIMENT CONTROL
SEWAGE
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered