1997 Regular Session

HOUSE BILL 990

File Code: Income
Sponsored By:
Delegates Rosenberg and Hecht
Entitled:
Lead-Safe Housing - Income Tax Credit

Synopsis:

Allowing an individual or a corporation to claim a credit against the State income tax for costs incurred for an approved lead hazard reduction project with respect to qualifying property, as defined; providing for calculation of the credit; providing for submission of proposals for lead hazard reduction projects to the Department of the Environment for approval; limiting to $5,000,000 the total amount of credits that the Department may approve for any fiscal year; requiring the Department to adopt regulations to carry out the Act; etc.

Legislative History

House Action
1/31
First Reading Ways and Means
2/12
Hearing 2/25 at 1:00 p.m.
3/20
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Samuel I. Rosenberg, District 42
Delegate Sue C. Hecht, District 3
Bill indexed under the following Subjects:
ENVIRONMENT, DEPARTMENT OF
HAZARDOUS AND TOXIC SUBSTANCES -see also- ASBESTOS
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
HOUSING -see also- APARTMENTS; MORTGAGES
INCOME TAX
PENALTIES
RULES AND REGULATIONS
TAX CREDITS
Bill affects the following Statute:
Tax - General
( 10-708 )

Documents:

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