2002 Regular Session

HOUSE BILL 762

CHAPTER NUMBER: 385 File Code: Economic and Community Development
Sponsored By:
Delegate Taylor
Entitled:
One Maryland Economic Development Tax Credits - Refunds - Businesses Creating Higher Wage Jobs

Synopsis:

Altering provisions of the One Maryland Economic Development Tax Credits to accelerate the ability of a qualified business entity to claim refunds and apply the credits in a specified manner if the pay for the majority of qualified positions created is at least 250% of the federal minimum wage; and applying the Act to any business entity that first notifies the Department of Business and Economic Development of its intent to seek certification for the tax credits on or after July 1, 2002.

History by Legislative Date

House Action
2/6
First Reading Ways and Means
2/20
Hearing 3/13 at 1:00 p.m.
3/21
Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (135-3)
4/4
Returned Passed
5/6
Signed by the Governor Chapter 385
Senate Action
3/25
First Reading Budget and Taxation
3/26
Hearing 4/2 at 1:30 p.m.
4/5
Favorable Report by Budget and Taxation
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (47-0)
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
NOTICES
SALARIES -see also- OVERTIME
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1501 , 5-1501 , 5-1501 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 455960/1 (PDF)     Offered on: March 21, 2002   at: 11:12 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 22, 2002: Third Reading Passed (135-3)
Senate
April 4, 2002: Third Reading Passed (47-0)