HB1433 (CH0698)

Find a 2017 Bill:

2017 Regular Session



Local Income Tax Overpayments - Local Reserve Account Repayment - Forgiveness

Sponsored by:

Delegate Valentino-Smith


Approved by the Governor - Chapter 698

Synopsis:Repealing a requirement that a county or municipal corporation that receives an overpayment of local income tax revenue reimburse the Local Reserve Account; repealing a requirement that the Comptroller withhold the amount specified counties or municipal corporations owe to the account from specified distributions; stating that it is the intent of the General Assembly that the Comptroller return from the Local Reserve Account any reimbursement payment made by a county or municipal corporation under specified provisions of law; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Valentino-Smith, Fennell, Adams, Anderton, D. Barnes, Beitzel, Frush, Ghrist, McComas, McKay, Sanchez, Tarlau, Waldstreicher, A. Washington, Afzali, Ali, Buckel, Ebersole, Hixson, Hornberger, C. Howard, Kaiser, Long, Luedtke, Mautz, Patterson, Reilly, Rose, Shoemaker, Simonaire, Turner, Walker, M. Washington, and Wilkins
Additional Facts:Cross-filed with: SB0397
Bill File Type: Regular
Effective Date(s): July 1, 2017
Ways and Means  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Counties -see also- Chartered Counties; Code Counties
Income Tax
Municipal Corporations -see also- Annap; Balt; Hager; OC
Statutes:Article - Tax - General
Article - Chapter of the Acts

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Explanation of Floor Motions and Actions

November 28, 2017 1:07 P.M.