SENATE BILL 633

File Code: Taxes - Property Crossfiled with: HOUSE BILL 252

Sponsored By:

Senator Forehand

Entitled:

Property Tax - Exemption for Property Used as a Business Incubator

Synopsis:

Exempting from the State and local property tax property that is used as a business incubator if the State, a county, a municipal corporation, a public institution of higher education, or an agency or instrumentality of the State, a county, a municipal corporation, or a public institution of higher education owns, controls, or leases the space that is used as a business incubator or is the primary source of funding for the business incubator; etc.

History by Legislative Date

Senate Action

2/3

First Reading Budget and Taxation

3/1

Hearing 3/14 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT

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

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

EXEMPTIONS

LOCAL GOVERNMENT MANDATES

MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC

PROPERTY TAX

SMALL BUSINESS

STATE UNIVERSITIES AND COLLEGES

Bill affects the following Statute:

Tax - Property

( 7-242 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered