HOUSE BILL 528

File Code: Income Prior Year Introduction As: SB 492/98 - B&T Crossfiled with: SENATE BILL 462

Sponsored By:

Delegates Hixson, Hubbard, Franchot, Shriver, Conroy, Rosso, and Carlson

Entitled:

Vehicle Emissions Testing Equipment - State Income Tax Credit

Synopsis:

Allowing a credit against the State income tax for 20% of the costs of equipment placed in service during the taxable year to be used in connection with transient mass-emission repair or testing at certain facilities; allowing unused tax credits to be carried forward for 5 taxable years; applying the Act to tax years after 1997 for equipment placed in service after 1997; and requiring the Department of the Environment to publish a list of equipment that complies with the requirements of the tax credit on or before December 31, 1999.

History by Legislative Date

House Action

2/11

First Reading Ways and Means

2/17

Hearing 3/9 at 1:00 p.m.

3/22

Favorable with Amendments Report by Ways and Means

Favorable with Amendments Report Adopted

Special Order 3/24 (Delegate Flanagan) Adopted

3/24

Floor Amendment (Delegate Flanagan) Rejected (41-89)

Floor Committee Amendment Adopted

Second Reading Passed with Amendments

3/25

Third Reading Passed (126-5)

Senate Action

3/26

First Reading Budget and Taxation

Sponsored by:

Delegate Sheila Ellis Hixson, District 20

Delegate Paul Carlson, District 39

Delegate Mary A. Conroy, District 23

Delegate Peter Franchot, District 20

Delegate James W. Hubbard, District 23

Delegate Mary Rosso, District 31

Delegate Mark K. Shriver, District 15

Bill indexed under the following Subjects:

AUTOMOTIVE REPAIR

ENVIRONMENT, DEPARTMENT OF

ENVIRONMENTAL MATTERS -see also- NAT. RESOURCES; POLLUTION

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

INCOME TAX

MOTOR VEHICLE INSPECTION

POLLUTION -see also- SEDIMENT CONTROL

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-712 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 065659/2 (PDF)     Offered on: March 22, 1999   at: 6:24 p.m.     Status: Adopted

Number: 185953/1 (PDF)     Offered on: March 24, 1999   at: 12:01 p.m.     Status: Adopted

Number: 753313/1 (PDF)     Offered on: March 24, 1999   at: 11:56 a.m.     Status: Rejected

Roll Call Votes (Legislative dates are shown):

House

March 24, 1999: Floor Amendment (Flanagan) {753313/1 Rejected (41-89)

March 25, 1999: Third Reading Passed (126-5)