1996 Regular Session

HOUSE BILL 1161

File Code: Taxes - Income
Sponsored By:
Delegates Bissett, Busch, Hixson, McKee, and Franchot
Entitled:
Military Reuse Zones - Advanced Technology Job Creation Tax Credit

Synopsis:

Allowing a credit against specified State taxes for the establishment or expansion of an advanced technology business facility in a designated military reuse zone in the State; allowing a credit of $1,000 for each new job created during the 3 years after the establishment or expansion of a facility; etc.

Legislative History

House Action
2/9
First Reading Ways and Means
2/21
Hearing 3/12 at 1:00 p.m.
3/19
Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (133-2)
Senate Action
3/20
First Reading Budget and Taxation
3/22
Hearing 3/27 at 1:30 p.m.
4/8
Referred to interim study by Budget and Taxation
Sponsored by:
Delegate Phillip D. Bissett, District 30
Delegate Michael Erin Busch, District 30
Delegate Peter Franchot, District 20
Delegate Sheila Ellis Hixson, District 20
Delegate Robert A. McKee, District 2A
Bill indexed under the following Subjects:
ARMED FORCES -see also- MILITIA
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- SMALL BUSINESS
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO, CREDIT U
FRANCHISES
INCOME TAX
INSURANCE-GENERAL
PUBLIC SERVICE COMMISSION
REVENUE AND TAXES - GENERAL
RULES AND REGULATIONS
TAX CREDITS
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 )
Insurance
( 6-114 )
Article - 48A Insurance Code
( 632 )
Tax - General
( 8-214 , 8-411 , 10-704.4 )

Documents:

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

Amendments:
House
Number: 315328/1 (PDF) Offered on: MARCH 19, 1996 at: 10:51 Status: Adopted