- Economic Development - Rural Economic Development Program and One Maryland Tax Credit
- Sponsored by
- Senators Edwards, Astle, Bates, Cassilly, DeGrange, Eckardt, Hershey, Hough, Jennings, King, Mathias, Middleton, Miller, Norman, Peters, Salling, Waugh, and Young
- In the Senate - Hearing 2/18 at 1:00 p.m.
- Fiscal and Policy Note
Establishing the Rural Economic Development Program to encourage businesses to locate and expand in the rural counties of the State; providing that for 10 taxable years after a business is designated as a qualified business under the Program, the business is eligible for a specified property tax exemption, income tax subtraction modification, and sales and use tax exemption; establishing the Rural Economic Development Program Infrastructure Fund as a special, nonlapsing fund to be used to make grants to specified counties; etc.
Bill File Type: Regular
Effective Date(s): October 1, 2015
Bill imposes a mandated appropriation in the annual State Budget Bill
|Date Posted||Document Name|
|2/03/2015||Text - First - Economic Development - Rural Economic Development Program and One Maryland Tax Credit|
( 1-101, 5-1501 through 5-1503, 6-401 )
( 10-207, 10-307, 11-232 )
( 7-245 )
Last Updated: 2/3/2020 2:29 PM