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Legislation


2006 Regular Session

HOUSE BILL 50

File Code: Taxes - Income Prior Year Introduction As: HB 1400/05 - W&M
Sponsored By:
Delegates Goodwin, Bartlett, Boschert, Bozman, Brown, Cardin, Cryor, C. Davis, Elmore, Gilleland, Gordon, Healey, Heller, Hixson, Howard, Kaiser, King, Marriott, McKee, Myers, Patterson, Ramirez, and Ross
Entitled:
Income Tax - Credit for Security Expenses

Synopsis:

Allowing specified business entities a credit for specified years against the State income tax for specified expenses incurred for the purchase and installation of specified security devices under specified circumstances; limiting the total amount of credits a business entity may claim in any taxable year to $10,000; etc.

History by Legislative Date

House Action
11/4
Pre-filed
1/11
First Reading Ways and Means
2/15
Hearing 2/28 at 1:00 p.m.
3/25
Favorable with Amendments Report by Ways and Means
3/22
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (138-0)
Senate Action
3/25
First Reading Budget and Taxation
3/29
Hearing 4/6 at 1:00 p.m.

Sponsored by:

Delegate Marshall T. Goodwin, District 40
Delegate Joseph R. Bartlett, District 4A
Delegate David G. Boschert, District 33A
Delegate K. Bennett Bozman, District 38B
Delegate Anthony G. Brown, District 25
Delegate Jon S. Cardin, District 11
Delegate Jean B. Cryor, District 15
Delegate Clarence Davis, District 45
Delegate D. Page Elmore, District 38A
Delegate Terry R. Gilleland, Jr., District 32
Delegate Michael R. Gordon, District 17
Delegate Anne Healey, District 22
Delegate Henry B. Heller, District 19
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate Anne R. Kaiser, District 14
Delegate Nancy J. King, District 39
Delegate Salima Siler Marriott, District 40
Delegate Robert A. McKee, District 2A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Obie Patterson, District 26
Delegate Victor R. Ramirez, District 47
Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
EMERGENCIES
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES
INCOME TAX
LAW ENFORCEMENT -see also- STATE POLICE, DEPARTMENT OF
NONPROFIT ORGANIZATIONS
RULES AND REGULATIONS
SAFETY -see also- OCCUPATIONAL SAFETY
SECURITY ALARMS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-726 )

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: 785261/01 (PDF)     Offered on: March 25, 2006   at: 12:34 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
House
March 24, 2006: Third Reading Passed (138-0)
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