| Synopsis: | Altering from 10 years to 5 years the length of time the designation of an enterprise zone is effective under the enterprise zone tax credit program; altering the tax credit that may be claimed under the Regional Institution Strategic Enterprise Zone program; establishing the Maryland Jobs Development Tax Credit that may be claimed against the income, franchise, and insurance premium taxes; providing for the calculation and refundability of the tax credit; applying the Act to all taxable years beginning after December 31, 2016; etc. |
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| Analysis: | Fiscal and Policy Note |
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| All Sponsors: | Chair, Ways and Means Committee (By Request - Departmental - Commerce) |
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| Additional Facts: | Bill File Type: Regular
Effective Date(s): July 1, 2017
By Request of the Governor |
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| Committee(s): | |
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| Broad Subject(s): | Economic and Community Development
Taxes - Property
Taxes - Income
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| Narrow Subject(s): | Assessments
Assessments and Taxation, Department of
Commerce, Department of
Corporations -see also- Municipal Corps; Public Corps & Inst
Counties -see also- Chartered Counties; Code Counties
Enterprise Zones
Financial Institutions -see also- Banks; Credit Unions; etc.
Income Tax
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Municipal Corporations -see also- Annap; Balt; Hager; OC
Reports
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
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| Statutes: | Article - Economic Development
(1-101, 2.5-109, 5-1406, 5-704, 5-706, 5-707, 5-709, 6-801 through 6-811) Article - Insurance
(6-123) Article - Tax - General
(10-702, 10-741, 8-222) Article - Tax - Property
(9-103) |
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