2006 Regular Session

HOUSE BILL 1276

File Code: Taxes - Income Prior Year Introduction As: HB 517/05 - W&M
Sponsored By:
Delegates James, Boschert, Heller, Howard, Ramirez, and Ross
Entitled:
Income Tax Credit for Preservation and Conservation Easements - County Tax Credit Authorized

Synopsis:

Authorizing the governing body of a county to permit a credit against the county income tax for preservation and conservation easements; authorizing a county governing body to determine the amount of the credit and to place any limitations determined to be appropriate on the credit; and requiring a county that adopts a credit against the county income tax for preservation and conservation easements to notify the Comptroller prior to the taxable year in which the credit is applicable.

History by Legislative Date

House Action
2/10
First Reading Ways and Means
2/22
Hearing 3/10 at 1:30 p.m.
Senate Action
No Action

Sponsored by:

Delegate Mary-Dulany James, District 34A
Delegate David G. Boschert, District 33A
Delegate Henry B. Heller, District 19
Delegate Carolyn J. B. Howard, District 24
Delegate Victor R. Ramirez, District 47
Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND
CONSERVATION -see also- SOIL CONSERVATION
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EASEMENTS
FARMLAND
INCOME TAX
LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.
NOTICES
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-723 )

Documents:

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