SB0560

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

One Maryland Economic Development Tax Credits - Business Incubators, Enterprise Zones, and Regional Institution Strategic Enterprise Zones

Sponsored by:

Senator Ferguson

Status:

In the House - Hearing 4/07 at 1:00 p.m.


Synopsis:Altering specified eligibility criteria for specified credits under the One Maryland Economic Development Tax Credit to include specified persons who establish or expand a business facility located in specified areas that, for business incubators, creates a specified aggregate number of qualified positions at the facility under specified circumstances; authorizing specified business incubators to claim a refund of specified project tax credits or start-up tax credits in specified taxable years; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Ferguson, Benson, Currie, Edwards, Guzzone, Jennings, Kelley, King, Klausmeier, Madaleno, Manno, McFadden, Peters, and Raskin
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Enterprise Zones
Income Tax
Nonprofit Organizations
Tax Credits -see also- Circuit Breaker
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Zoning and Planning
Statutes:Article - Economic Development
(6-401, 6-402, 6-403, 6-404, 6-405)
Article - Tax - Property
(9-247)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


April 7, 2016 4:26 P.M.