1997 Regular Session

HOUSE BILL 484

File Code: Income
Sponsored By:
Delegates Gordon, Conroy, Love, and Healey
Entitled:
Supplemental Income Tax on Corporations - Developmental Disabilities - Waiting List Equity Fund

Synopsis:

Imposing a supplemental corporate income tax at the rate of 0.25%; requiring the Comptroller to distribute the revenue from the supplemental tax to the Waiting List Equity Fund for services from the Developmental Disabilities Administration; authorizing use of the Fund for services to eligible individuals not receiving services as of July 1, 1997; allowing a credit against the supplemental tax for 50% of the wages paid to individuals eligible for services from the Administration; applying the Act to tax years after 1996; etc.

Legislative History

House Action
1/27
First Reading Ways and Means
1/29
Hearing 2/13 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Michael R. Gordon, District 17
Delegate Mary A. Conroy, District 23
Delegate Anne Healey, District 22A
Delegate Mary Ann E. Love, District 32
Bill indexed under the following Subjects:
COMPTROLLER
CORPORATIONS -see also- MERGERS
DEVELOPMENTAL DISABILITIES
HEALTH AND MENTAL HYGIENE, DEPARTMENT OF
INCOME TAX
TAX CREDITS
Bill affects the following Statutes:
Health - General
( 7-206 )
Tax - General
( 2-614 , 10-101 , 10-102 , 10-105 , 10-708 )

Documents:

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