SB0738

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

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

Sponsored by:

Senator Edwards

Status:

In the Senate - Hearing 3/15 at 2:30 p.m.


Synopsis:Establishing the Maryland Economic Development Program to encourage businesses to locate and expand in 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, Eckardt, Hershey, Mathias, and Serafini
Additional Facts:Bill File Type: Regular
Effective Date(s): October 1, 2016
Bill imposes a mandated appropriation in the annual State Budget Bill
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Allegany County
Appropriations
Capital Budgets
Caroline County
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Commercial Rehabilitation -see also- Urban Renewal
Community Development
Comptroller
Dorchester County
Exemptions
Garrett County
Governor
Grants
Investments -see also- Securities
Local Government Mandates
Property Tax
Rules and Regulations
Sales and Use Tax
Somerset County
Tax Credits -see also- Circuit Breaker
Treasurers
Washington County
Wicomico County
Worcester County
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
(1-101, 6-401, 5-1501 through 5-1503)
Article - State Finance and Procurement
(6-226)
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


October 24, 2017 5:10 P.M.