HOUSE BILL 258

File Code: Taxes - Miscellaneous

Sponsored By:

Delegate Beck

Entitled:

Sales and Use Taxation of Food - State Income Tax Credit for Percentage of County Income Tax

Synopsis:

Repealing an exemption under the sales and use tax for sales of food for consumption off the premises by a food vendor who operates a substantial grocery or market business at the same location where the food is sold; allowing a credit against the State income tax in an amount equal to the lesser of 12% of the county income tax imposed or the State income tax, determined after application of specified credits; and applying the credit to tax years after 1996.

Legislative History

House Action

1/22

First Reading Ways and Means

1/24

Hearing 2/1 at 11:00 a.m.

3/4

Withdrawn

Senate Action

No Action

Bill indexed under the following Subjects:

COUNTIES

EXEMPTIONS

FOOD -see also- MILK PRODUCTS; MEAT, POULTRY, SEAFOOD

INCOME TAX

SALES AND USE TAX

TAX CREDITS

Bill affects the following Statutes:

Article - 25B Home Rule for Code Counties

( 13H , 13H )

Tax - General

( 10-707 , 11-206 )

Documents:

Bill Text:

First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None available