SENATE BILL 77

File Code: Taxes - Income

Sponsored By:

Senator Van Hollen

Entitled:

Chesapeake Bay Protection - Tax Credit for Improved On-Site Sewerage Disposal Systems

Synopsis:

Allowing an individual or a corporation repairing, replacing, or modifying an existing on-site sewerage disposal system to claim a credit against the State income tax for 70% of the costs of purchasing and installing approved nitrogen removal technology; limiting the credit to $4,900 of any on-site sewerage disposal system; allowing unused credit amounts to be carried forward to specified taxable years; applying the Act to tax years after 2001; etc.

History by Legislative Date

Senate Action

09/13

Pre-filed

1/9

First Reading Budget and Taxation

Hearing 1/23 at 2:30 p.m.

House Action

No Action

Bill indexed under the following Subjects:

ENVIRONMENTAL MATTERS -see also- CONSERV; NAT RSRCES; POLLUT

INCOME TAX

POLLUTION -see also- SEDIMENT CONTROL

SEWAGE

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-724 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments: None offered