SB0196

Find a 2015 Bill:

2015 Regular Session

 

Entitled:

Economic Development - Rural Economic Development Program and One Maryland Tax Credit

Sponsored by:

Senator Edwards

Status:

In the Senate - Hearing 2/18 at 1:00 p.m.


Synopsis: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.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Edwards, Astle, Bates, Cassilly, DeGrange, Eckardt, Hershey, Hough, Jennings, King, Mathias, Middleton, Miller, Norman, Peters, Salling, Waugh, and Young
Additional Facts:Cross-filed with: HB1089
Bill File Type: Regular
Effective Date(s): October 1, 2015
Bill imposes a mandated appropriation in the annual State Budget Bill
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Allegany County
Appropriations
Baltimore City
Business and Economic Development, Department of
Calvert County
Caroline County
Carroll County
Cecil County
Charles County
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Dorchester County
Exemptions
Frederick County
Garrett County
Grants
Harford County
Income Tax
Kent County
Lobbying
Local Government Mandates
Property Tax
Public Works
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Sales and Use Tax
Somerset County
St. Mary's County
Talbot County
Tax Credits -see also- Circuit Breaker
Washington County
Wicomico County
Worcester County
Statutes:Article - Economic Development
(1-101, 6-401, 5-1501 through 5-1503)
Article - Tax - General
(10-207, 10-307, 11-232)
Article - Tax - Property
(7-245)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


November 20, 2015 7:23 P.M.