File Code: Taxes - Income
- Sponsored By:
-
Delegates Glassman, James, Rudolph, Guns, Mohorovic, Malone,
Parrott, Riley, Mitchell, Eckardt, Snodgrass, McKee, Edwards, W. Baker,
Cryor, Pitkin, Klausmeier, Boschert, Clagett, Boutin, Cole, Bartlett,
Hecht, Stull, Conroy, Wood, Kagan, Hutchins, Walkup, Redmer, Brinkley,
and Owings
- Entitled:
-
Income Tax - Credit for Land Rented to Farmers
Allowing a State income tax credit for individuals in an amount equal
to 5% of the gross rental income, as defined, received under a
share-rental agreement, as defined between an owner of agricultural
land and a qualified farmer; limiting the credit to the State income
tax otherwise imposed for the taxable year; providing for the
determination of the amount of the credit for nonresidents and
part-year residents; defining terms; and applying the Act to taxable
years after 2000.
House Action
- 1/17
- First Reading Ways and Means
- 1/19
- Hearing 1/30 at 11:00 a.m.
- 2/26
- Unfavorable Report by Ways and Means
Senate Action
- No Action
- Sponsored by:
- Delegate Barry Glassman, District 35A
- Delegate Wheeler R. Baker, District 36
- Delegate Joseph R. Bartlett, District 3
- Delegate David G. Boschert, District 33
- Delegate Charles R. Boutin, District 34
- Delegate David R. Brinkley, District 4A
- Delegate Virginia P. Clagett, District 30
- Delegate William H. Cole, IV, District 47A
- Delegate Mary A. Conroy, District 23
- Delegate Jean B. Cryor, District 15
- Delegate Adelaide C. Eckardt, District 37B
- Delegate George C. Edwards, District 1A
- Delegate Ronald A. Guns, District 36
- Delegate C. Sue Hecht, District 3
- Delegate Thomas E. "Tim" Hutchins, District 28
- Delegate Mary-Dulany James, District 34
- Delegate Cheryl C. Kagan, District 17
- Delegate Katherine Klausmeier, District 8
- Delegate James E. Malone, Jr., District 12A
- Delegate Robert A. McKee, District 2A
- Delegate Van T. Mitchell, District 28
- Delegate Jacob J. Mohorovic, Jr., District 7
- Delegate George W. Owings, III, District 27B
- Delegate Joanne S. Parrott, District 35A
- Delegate Joan B. Pitkin, District 23
- Delegate Alfred W. Redmer, Jr., District 8
- Delegate B. Daniel Riley, District 34
- Delegate David D. Rudolph, District 35B
- Delegate Louise V. Snodgrass, District 3
- Delegate Paul S. Stull, District 4A
- Delegate Mary Roe Walkup, District 36
- Delegate John F. Wood, Jr., District 29A
- Bill indexed under the following Subjects:
- AGRICULTURE -see also- FARMLAND
- FARMLAND
- INCOME TAX
- LEASES AND RENT
- NONRESIDENTS -see also- ALIENS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statute:
- Tax - General
- (
10-722
)
- Bill Text:
First Reading (PDF),
Third Reading, Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
None offered