2004 Regular Session

HOUSE BILL 1086

File Code: Taxes - Income Crossfiled with: SENATE BILL 481
Sponsored By:
Delegates James, Bobo, Heller, McComas, and McIntosh
Entitled:
Income Tax Credit for Preservation and Conservation Easements - County Tax Credit Authorized

Synopsis:

Authorizing the governing body of a county to permit a credit against the county income tax for preservation and conservation easements; authorizing a county governing body to determine the amount of the credit and to place any limitations determined to be appropriate on the credit; and requiring a county that adopts a credit against the county income tax for preservation and conservation easements to notify the Comptroller prior to the taxable year in which the credit is applicable.

History by Legislative Date

House Action
2/13
First Reading Ways and Means
2/19
Hearing 3/4 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Mary-Dulany James, District 34A
Delegate Elizabeth Bobo, District 12B
Delegate Henry B. Heller, District 19
Delegate Susan K. McComas, District 35B
Delegate Maggie McIntosh, District 43
Bill indexed under the following Subjects:
AGRICULTURE -see also- FARMLAND
CONSERVATION -see also- SOIL CONSERVATION
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
EASEMENTS
FARMLAND
INCOME TAX
LAWS AND ORDINANCES -see also- PUB LOCAL LAWS; UNIFORM LAWS.
NOTICES
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Tax - General
( 10-723 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered