File Code: Taxes - Income
- Sponsored By:
-
Delegates Busch, Hixson, Gordon, Kopp, Kach, Rawlings, Holt, Linton, and
McKee
- Entitled:
-
Maryland Major Business Facility Job Tax Credit
Allowing a credit against the State income tax, financial institution
franchise tax, public service company franchise tax, and insurance
premiums tax for the establishment or expansion of major business
facilities in the State; providing for calculation of the credit based
on the number of new jobs created as a result of the establishment or
expansion of the major business facility; limiting the credit allowed
in any taxable year to the total tax otherwise payable for that
taxable year; etc.
House Action
- 2/7
- First Reading Ways and Means
- 2/16
- Hearing 2/29 at 11:00 a.m.
- 3/14
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Michael Erin Busch, District 30
- Delegate Michael R. Gordon, District 17
- Delegate Sheila Ellis Hixson, District 20
- Delegate Kenneth Holt, District 6
- Delegate A. Wade Kach, District 9A
- Delegate Nancy K. Kopp, District 16
- Delegate Samuel C. Linton, District 28
- Delegate Robert A. McKee, District 2A
- Delegate Howard P. Rawlings, District 40
- Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- COMMERCE AND BUSINESS -see also- SMALL BUSINESS
- COMPTROLLER
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U
- FRANCHISES
- INCOME TAX
- INSURANCE-GENERAL
- REVENUE AND TAXES - GENERAL
- RULES AND REGULATIONS
- TAX CREDITS
- UTILITIES -see also- HIGH VOLTAGE LINES, TELEPHONES
- WORK, LABOR AND EMPLOYMENT -see also- LEAVE, OVERTIME
- Bill affects the following Statutes:
- Article - 83A Department of Business and Economic Development
- (
5-1101 ,
5-1102 ,
5-1103 ,
5-1104 ,
5-1105 ,
5-1106
)
- Insurance
- (
6-114
)
- Article - 48A Insurance Code
- (
632
)
- Tax - General
- (
8-214 ,
8-411 ,
10-704.4
)
- Bill Text:
- First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
Amendments:
None available