1996 Regular Session

SENATE BILL 412

File Code: Taxes - Income Crossfiled with: HOUSE BILL 609
Sponsored By:
Senators Boozer, Kelley, McCabe, Sfikas, and Van Hollen
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 income tax due on unrelated business taxable income; altering definitions; applying the Act; terminating a part of the Act; etc.

Legislative History

Senate Action
1/31
First Reading Budget and Taxation
2/2
Hearing 2/9 at 1:00 p.m.
2/6
Hearing cancelled
Hearing 2/23 at 1:00 p.m.
2/14
Hearing cancelled
Hearing 2/23 at 12:00 p.m.
4/4
Favorable with Amendments Report by Budget and Taxation
4/2
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/3
Third Reading Passed (46-0)
4/6
Returned Passed
5/23
Governor vetoed - Cross-filed bill was signed
House Action
3/30
First Reading Ways and Means
4/5
Hearing 4/6 at 1:00 p.m.
4/6
Favorable Report by Ways and Means
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (127-0)
Sponsored by:
Senator F. Vernon Boozer, District 9
Senator Delores G. Kelley, District 10
Senator Christopher J. McCabe, District 14
Senator Perry Sfikas, District 46
Senator Christopher Van Hollen, Jr., District 18
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:
Senate
Number: 538691/1 (PDF) Offered on: APRIL 4, 1996 at: 12:40 Status: Adopted