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