HOUSE BILL 4

File Code: Taxes - Income Prior Year Introduction As: HB 1616/06 - W&M

Sponsored By:

Delegate Ramirez

Entitled:

Income Tax Credit for Restaurants in Arts and Entertainment Districts

Synopsis:

Providing a credit against the State income tax for a taxpayer operating a restaurant in an arts and entertainment district under specified circumstances; providing for a limited duration for the credit; providing for a reduction of the allowable amount of the credit over 5 years; providing for the carryover of specified unused credit under specified circumstances; etc.

History by Legislative and Calendar Date

House Action

11/14

Pre-filed

1/10

First Reading Ways and Means

1/31

Hearing 2/8 at 11:00 a.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Alcoholic Beverages Licenses

Art, Music and Cultural Affairs -see also- Museums; Theaters

Income Tax

Restaurants

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General

( 10-726 )

Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered