Legislation - HB0540

Title: Purple Line Construction Zone – State Income Tax Credit and Grant Program
Sponsored by: Delegates Wilkins, Charkoudian, Feldmark, W. Fisher, Healey, Ivey, Korman, Moon, Palakovich Carr, Shetty, Solomon, Valderrama, Washington, and Williams
Status: In the Senate - Third Reading Passed with Amendments (45-0)
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Allowing certain qualified businesses impacted by the construction of the Purple Line light rail project in Montgomery County and Prince George's County a credit against the State income tax; requiring the Department of Commerce, in consultation with the Department of Transportation to determine the eligible amount of the income tax credit; providing the amount of the credit may not exceed $25,000; making the income tax credit refundable; establishing the Purple Line Construction Zone Grant Program; etc.

Committees

Original:: Ways and Means

Opposite:: Budget and Taxation

Committee Testimony

Witness List

Details

Cross-filed with: SB0645

Introduced in a prior session as: HB0313 Session: 2019 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 1/27/2020 Legislative Date 1/27/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Income and Property Tax Credits - Purple Line Construction Zone Proceedings
Chamber House Calendar Date 1/28/2020 Legislative Date 1/28/2020 Action Hearing 2/20 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings
Chamber House Calendar Date 3/13/2020 Legislative Date 3/13/2020 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/13/2020 Legislative Date 3/10/2020 Action Favorable with Amendments {835968/1 Adopted Proceedings 47A
Chamber House Calendar Date 3/13/2020 Legislative Date 3/10/2020 Action Second Reading Passed with Amendments Proceedings 47A
Chamber Calendar Date Legislative Date Action Text - Third - Purple Line Construction Zone – State Income Tax Credit and Grant Program Proceedings
Chamber House Calendar Date 3/14/2020 Legislative Date 3/11/2020 Action Third Reading Passed (107-22) Proceedings 48
Chamber Senate Calendar Date 3/15/2020 Legislative Date 3/10/2020 Action Referred Budget and Taxation Proceedings 49
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/17/2020 Legislative Date 3/17/2020 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Favorable with Amendments {509534/1 Adopted Proceedings 53
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/14/2020 Action Second Reading Passed with Amendments Proceedings 53
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (45-0) Proceedings 53C

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/27/2020	1/27/2020	First Reading Ways and Means
			Text - First - State Income and Property Tax Credits - Purple Line Construction Zone
House	1/28/2020	1/28/2020	Hearing 2/20 at 1:00 p.m.
			Vote - House - Committee - Ways and Means
House	3/13/2020	3/13/2020	Favorable with Amendments Report by Ways and Means
House	3/13/2020	3/10/2020	Favorable with Amendments {835968/1 Adopted	47A
House	3/13/2020	3/10/2020	Second Reading Passed with Amendments	47A
			Text - Third - Purple Line Construction Zone – State Income Tax Credit and Grant Program
House	3/14/2020	3/11/2020	Third Reading Passed (107-22)	48
Senate	3/15/2020	3/10/2020	Referred Budget and Taxation	49
			Vote - Senate - Committee - Budget and Taxation
Senate	3/17/2020	3/17/2020	Favorable with Amendments Report by Budget and Taxation
Senate	3/18/2020	3/14/2020	Favorable with Amendments {509534/1 Adopted	53
Senate	3/18/2020	3/14/2020	Second Reading Passed with Amendments	53
Senate	3/18/2020	3/15/2020	Third Reading Passed (45-0)	53C

File Code

Subjects

Statutes