2001 Regular Session

SENATE BILL 143

CHAPTER NUMBER: 358
EMERGENCY BILL
File Code: Taxes - Property Crossfiled with: HOUSE BILL 268
Sponsored By:
Senator Hoffman
Entitled:
Local Property Tax Credit - County Income Tax Rate Increases

Synopsis:

Making a technical correction to a provision authorizing local governments to grant a local property tax credit to offset increases in local income tax revenues resulting from an increase in the county income tax rate above a specified rate, by changing a reference to the county income tax rate from 50% to 2.6% to account for the alteration of the computation of the county income tax; and making the Act an emergency measure.

History by Legislative Date

Senate Action
1/18
First Reading Budget and Taxation
Hearing 1/24 at 2:30 p.m.
1/29
Favorable Report by Budget and Taxation
1/30
Favorable Report Adopted
Second Reading Passed
2/1
Third Reading Passed (45-0)
4/3
Returned Passed
5/15
Signed by the Governor Chapter 358
House Action
2/2
First Reading Ways and Means
3/14
Hearing 3/28 at 1:00 p.m.
4/5
Favorable Report by Ways and Means
3/31
Favorable Report Adopted
Second Reading Passed
4/2
Third Reading Passed (137-0)
Bill indexed under the following Subjects:
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
INCOME TAX
MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC
PROPERTY TAX
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - Property
( 9-221 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
February 1, 2001: Third Reading Passed (45-0)
House
April 2, 2001: Third Reading Passed (137-0)