2006 Regular Session

SENATE BILL 512

File Code: Taxes - Property - Local
Sponsored By:
Senator Pipkin
Entitled:
Queen Anne's County - Property Tax Credits - Commercial Investment and Economic Development

Synopsis:

Authorizing the governing body of Queen Anne's County to grant, by law, a property tax credit against the county property tax imposed on businesses that make specified real property improvements; limiting the maximum amount of the credit to a percentage of the increased assessment and limiting the duration of the credit to 4 years; and providing for the implementation of the credit.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/22
Hearing 2/27 at 4:00 p.m.
3/13
Favorable Report by Budget and Taxation
Favorable Report Adopted
Second Reading Passed
3/15
Third Reading Passed (47-0)
House Action
3/16
First Reading Ways and Means
3/29
Hearing 4/6 at 1:00 p.m.
4/10
Favorable with Amendments Report by Ways and Means
4/7
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/8
Third Reading Passed with Amendments (132-0)

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMMERCIAL REHABILITATION
PROPERTY TAX
QUEEN ANNE'S COUNTY
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property
( 9-319 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments (Displayed in WordPerfect 8 Format):
House
Number: 525563/01 (PDF)     Offered on: April 10, 2006   at: 8:39 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 15, 2006: Third Reading Passed (47-0)
House
April 8, 2006: Third Reading Passed (132-0)