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Legislation


2012 Regular Session

SENATE BILL 976

File Code: Taxes - Income Crossfiled with: HOUSE BILL 1309
Sponsored By:
Senators Middleton, Astle, Brinkley, Colburn, Dyson, Edwards, Garagiola, Getty, Glassman, Jennings, Klausmeier, Manno, Mathias, Miller, Pipkin, Zirkin, Kasemeyer, Currie, DeGrange, Jones-Rodwell, King, Madaleno, McFadden, and Peters
Entitled:
Income Tax - Subtraction Modification - Enhanced Agricultural Management Equipment

Synopsis:

Providing a subtraction modification under the Maryland individual and corporate income tax for 100% of the expenses incurred to buy and install enhanced agricultural management equipment under specified circumstances; providing a subtraction modification for 50% of the expenses incurred to buy and install enhanced agricultural management equipment under specified circumstances; defining "enhanced agricultural management equipment"; applying the Act to tax years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/16
First Reading Senate Rules
2/27
Re-referred Budget and Taxation
2/29
Hearing 3/16 at 1:00 p.m.
3/23

Favorable with Amendments Report by Budget and Taxation
3/20
Favorable with Amendments {419036/1 Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (46-0)
House Action
3/24
First Reading Ways and Means
3/28
Hearing 4/3 at 1:00 p.m.
4/9
Favorable Report by Ways and Means
4/6
Favorable Report Adopted
Second Reading Passed

Sponsored by:

Senator Thomas M. Middleton, District 28
Senator John C. Astle, District 30
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Roy P. Dyson, District 29
Senator George C. Edwards, District 1
Senator Rob Garagiola, District 15
Senator Joseph M. Getty, District 5
Senator Barry Glassman, District 35
Senator J. B. Jennings, District 7
Senator Verna L. Jones-Rodwell, District 44
Senator Edward J. Kasemeyer, District 12
Senator Nancy J. King, District 39
Senator Katherine Klausmeier, District 8
Senator Richard S. Madaleno, Jr., District 18
Senator Roger P. Manno, District 19
Senator James N. Mathias, Jr., District 38
Senator Nathaniel J. McFadden, District 45
Senator Thomas V. Mike Miller, Jr., District 27
Senator Douglas J. J. Peters, District 23
Senator E. J. Pipkin, District 36
Senator Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

Agriculture -see also- Farmland
Equipment -see also- Motor Vehicle Equipment
Exemptions
Income Tax

Bill affects the following Statutes:

Tax - General
( 10-208 , 10-208 , 10-308 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 419036/01     Offered on: March 23, 2012   at: 6:43 p.m.     Status: Adopted
Committee Votes :
Senate
Budget and Taxation
House
Ways and Means
Roll Call Vote (Legislative date is shown):
Senate
March 22, 2012: Third Reading Passed (46-0)
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