2001 Regular Session

SENATE BILL 819

File Code: Economic and Community Development Crossfiled with: HOUSE BILL 1155
Sponsored By:
Senators Roesser and McFadden
Entitled:
Enterprise Zones - Tax Credits

Synopsis:

Increasing the amount of income tax credits available to a business that employs an enterprise zone employee or a focus area employee; requiring an employer to pay at least 150% of the federal minimum wage to an employee being claimed for an enterprise zone tax credit; raising to 35 the weekly number of hours required to be worked by an employee being claimed for the tax credit; and requiring the Department of Business and Economic Development and the Comptroller to submit a report to the General Assembly.

History by Legislative Date

Senate Action
2/15
First Reading Senate Rules
2/22
Re-referred Budget and Taxation
2/28
Hearing 3/21 at 1:30 p.m.
3/13
Hearing cancelled
Hearing 3/22 at 1:30 p.m.
3/29
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/30
Third Reading Passed (46-0)
4/3
Returned Passed
5/17
Governor vetoed - Cross-filed bill was signed
House Action
3/26
First Reading Ways and Means
4/2
Hearing 4/4 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 (138-0)
Sponsored by:
Senator Jean W. Roesser, District 15
Senator Nathaniel J. McFadden, District 45
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
ENTERPRISE ZONES
INCOME TAX
REPORTS
SALARIES -see also- OVERTIME
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-405 )
Tax - General
( 10-702 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 019635/1 (PDF)     Offered on: March 29, 2001   at: 12:27 p.m.     Status: Adopted
Roll Call Vote (Legislative date is shown):
Senate
March 30, 2001: Third Reading Passed (46-0)
House
April 2, 2001: Third Reading Passed (138-0)