2005 Regular Session

SENATE BILL 994

File Code: Taxes - Income
Sponsored By:
Senator Giannetti
Entitled:
Income Tax - Vehicle Technology Tax Credit

Synopsis:

Requiring an addition modification under the Maryland income tax on individuals and corporations for the amount of a specified deduction for federal income tax purposes for the cost of specified motor vehicles; providing for specified credits against the State income tax for the cost of specified motor vehicles incurred by an individual or corporation; providing that unused credits may be carried forward to specified taxable years; establishing the basis of specified property for Maryland income tax purposes; etc.

History by Legislative Date

Senate Action
3/7
First Reading Senate Rules
3/10
Re-referred Budget and Taxation
3/18
Hearing 3/28 at 1:00 p.m.
3/23
Hearing cancelled
Hearing 3/25 at 1:00 p.m.
House Action
No Action

Bill indexed under the following Subjects:

COMPTROLLER
ENVIRONMENT, DEPARTMENT OF
ENVIRONMENTAL MATTERS -see also- CONSERV; NAT RSRCES; POLLUT
FUEL -see also- COAL
INCOME TAX
MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.
NOTICES
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
TRANSPORTATION, DEPARTMENT OF

Bill affects the following Statutes:

Tax - General
( 10-205 , 10-205 , 10-306 , 10-306 , 10-725 )

Documents:

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