1996 Regular Session

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Withdrawn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