HOUSE BILL 1394

File Code: Taxes - Income Prior Year Introduction As: HB 1039/04 - W&M

Sponsored By:

Delegate Hogan

Entitled:

Lead-Safe Housing - Income Tax Credit

Synopsis:

Allowing an individual or a corporation to claim a credit against the State income tax for costs incurred for an approved lead hazard reduction project for qualifying property, as defined; providing for calculation of the credit; providing for submission of proposals for lead hazard reduction projects to the Department of Housing and Community Development for approval; limiting to $5,000,000 the total amount of credits that the Department may approve for any fiscal year; etc.

History by Legislative Date

House Action

2/18

First Reading House Rules and Executive Nominations

3/14

Re-referred Ways and Means

3/23

Hearing 3/29 at 1:00 p.m.

4/1

Unfavorable Report by Ways and Means

Senate Action

No Action

Bill indexed under the following Subjects:

CRIMES AND PUNISHMENTS -see also- PENALTIES; SENTENCES; etc.

DAY CARE

ENVIRONMENT, DEPARTMENT OF

HAZARDOUS AND TOXIC SUBSTANCES -see also- ASBESTOS; RADIATN.

HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF

HOUSING -see also- APARTMENTS; CONDOMINIUMS; MOBILE HOMES

INCOME TAX

INSPECTIONS -see also- MOTOR VEHICLE INSPECTION

LABORATORIES

PENALTIES

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered