1996 Regular Session

HOUSE BILL 609

CHAPTER NUMBER: 626 File Code: Taxes - Income Crossfiled with: SENATE BILL 412
Sponsored By:
Delegates Howard, Hecht, Hurson, Rosapepe, Kopp, Rosenberg, Dembrow, McIntosh, Bobo, Morhaim, Healey, Shriver, Bonsack, Bozman, Cryor, Finifter, Hixson, Leopold, McKee, Marriott, C. Mitchell, Workman, Rzepkowski, and Barve
Entitled:
Work, Not Welfare, and Enterprise Zone Income Tax Credits - Tax Exempt Organizations - Unrelated Business Taxable Income

Synopsis:

Allowing specified tax exempt organizations to apply certain tax credits against certain income tax due on unrelated business taxable income; applying the Act; terminating a part of the Act; etc.

Legislative History

House Action
2/1
First Reading Ways and Means
2/7
Hearing 2/21 at 11:00 a.m.
3/18
Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/19
Third Reading Passed (136-1)
3/30
Returned Passed
5/23
Signed by the Governor Chapter 626
Senate Action
3/20
First Reading Budget and Taxation
3/22
Hearing 3/27 at 1:30 p.m.
4/1
Favorable Report by Budget and Taxation
3/31
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (46-0)
Sponsored by:
Delegate Carolyn J. B. Howard, District 24
Delegate Kumar P. Barve, District 17
Delegate Elizabeth Bobo, District 12B
Delegate Rose Mary Hatem Bonsack, District 34
Delegate K. Bennett Bozman, District 38
Delegate Jean Cryor, District 15
Delegate Dana Lee Dembrow, District 20
Delegate Michael J. Finifter, District 11
Delegate Anne Healey, District 22A
Delegate Sue Hecht, District 3
Delegate Sheila Ellis Hixson, District 20
Delegate John Adams Hurson, District 18
Delegate Nancy K. Kopp, District 16
Delegate John L. Leopold, District 31
Delegate Salima Siler Marriott, District 40
Delegate Maggie L. McIntosh, District 42
Delegate Robert A. McKee, District 2A
Delegate Clarence Mitchell, IV, District 44
Delegate Dan K. Morhaim, District 11
Delegate James C. Rosapepe, District 21
Delegate Samuel I. Rosenberg, District 42
Delegate James E. Rzepkowski, District 32
Delegate Mark K. Shriver, District 15
Delegate Betty Workman, District 1B
Bill indexed under the following Subjects:
INCOME TAX
NONPROFIT ORGANIZATIONS
TAX CREDITS
WORK, LABOR AND EMPLOYMENT -see also- LEAVE, OVERTIME
Bill affects the following Statutes:
Article - 88A Social Services Administration
( 56 , 56 )
Tax - General
( 10-702 , 10-704.3 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
House
Number: 395728/2 (PDF) Offered on: MARCH 18, 1996 at: 16:46 Status: Adopted