1997 Regular Session

HOUSE BILL 840

File Code: Miscellaneous
Sponsored By:
Delegates Finifter, Morhaim, Frank, and Klausmeier
Entitled:
Job Creation Tax Credit - Small Business

Synopsis:

Allowing credits against the State income tax, financial institution franchise tax, public service company franchise tax, and insurance premiums tax for specified business entities that establish or expand a business facility in the State; providing for the calculation of the credit; providing for certification by the Secretary of Business and Economic Development of businesses eligible for the credit; etc.

Legislative History

House Action
1/31
First Reading Ways and Means
2/3
Hearing 2/13 at 3:00 p.m.
3/21
Unfavorable Report by Ways and Means
3/24
Withdrawn
Senate Action
No Action
Sponsored by:
Delegate Michael J. Finifter, District 11
Delegate Robert L. Frank, District 11
Delegate Katherine Klausmeier, District 8
Delegate Dan K. Morhaim, District 11
Bill indexed under the following Subjects:
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 -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
REVENUE AND TAXES -see also specific taxes -
SMALL BUSINESS
TAX CREDITS
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1101 , 5-1101 , 5-1101 , 5-1102 , 5-1102.1 , 5-1103 )
Insurance
( 6-114 )
Tax - General
( 8-214 , 8-411 , 10-704.4 )

Documents:

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