2001 Regular Session

HOUSE BILL 1424

CHAPTER NUMBER: 729 File Code: Taxes - Miscellaneous
Sponsored By:
Delegates Taylor and Rawlings
Entitled:
One Maryland Economic Development Tax Credits - Insurers and Tax-Exempt Organizations

Synopsis:

Clarifying that specified tax-exempt organizations are included in the definition of "qualified business entity" for the purposes of the One Maryland Economic Development tax credits allowed for specified costs of economic development projects and specified start-up costs; providing that a person subject to the insurance premiums tax may claim the One Maryland Economic Development tax credit against the premium tax for costs of specified economic development projects; etc.

History by Legislative Date

House Action
3/1
First Reading House Rules and Executive Nominations
3/2
Re-referred Economic Matters
3/8
Re-referred Ways and Means & Economic Matters
3/12
Hearing 3/15 at 1:00 p.m.
3/26
Favorable with Amendments Report by Ways and Means
3/22
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/24
Third Reading Passed (133-2)
4/3
Returned Passed
5/18
Signed by the Governor Chapter 729
Senate Action
3/27
First Reading Budget and Taxation
Hearing 4/2 at 2:30 p.m.
4/6
Favorable Report by Budget and Taxation
4/3
Favorable Report Adopted
Second Reading Passed
4/4
Third Reading Passed (46-0)
Sponsored by:
Delegate Casper R. Taylor, Jr., District 1C
Delegate Howard P. Rawlings, District 40
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
EXEMPTIONS
FORMS
INCOME TAX
INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS
NONPROFIT ORGANIZATIONS
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1501 , 5-1501 , 5-1501 )
Insurance
( 6-119 )
Tax - General
( 10-714 , 10-809 , 10-812 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
House
Number: 285968/1 (PDF)     Offered on: March 26, 2001   at: 2:22 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 24, 2001: Third Reading Passed (133-2)
Senate
April 4, 2001: Third Reading Passed (46-0)