SENATE BILL 496

File Code: Taxes - Income Crossfiled with: HOUSE BILL 759

Sponsored By:

Senators Hoffman and Middleton

Entitled:

Maryland Heritage Structure Rehabilitation Tax Credit

Synopsis:

Limiting the qualifying expenditures under the Maryland Heritage Structure Rehabilitation Tax Credit allowed for a rehabilitation to the amount of estimated expenditures as stated in the application for approval of a plan of proposed rehabilitation; limiting the amount of State tax credit allowed for any rehabilitation; altering the calculation of the credit; etc.

History by Legislative Date

Senate Action

2/1

First Reading Budget and Taxation

2/13

Hearing 3/13 at 1:30 p.m.

4/5

Favorable with Amendments Report by Budget and Taxation

4/3

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/4

Third Reading Passed (47-0)

House Action

4/4

First Reading Ways and Means

Sponsored by:

Senator Barbara A. Hoffman, District 42

Senator Thomas M. Middleton, District 28

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

COMMERCIAL REHABILITATION

COMPTROLLER

CONSERVATION -see also- SOIL CONSERVATION

HISTORICAL MATTERS

INCOME TAX

INTERSTATE AFFAIRS

LEGISLATIVE SERVICES, DEPARTMENT OF

NONPROFIT ORGANIZATIONS

NOTICES

REPORTS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Article - 83B Department of Housing and Community Development

( 5-801 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 109338/1 (PDF)     Offered on: April 5, 2002   at: 2:23 p.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):

Senate

April 4, 2002: Third Reading Passed (47-0)