SENATE BILL 1026

File Code: Taxes - Property

Sponsored By:

Senator Currie

Entitled:

Prince George's County - Property Tax - Credit for Property Used as a Business Incubator

Synopsis:

Authorizing the governing body of Prince George's County to grant, by law, a tax credit against the county property tax imposed on specified property that is used as a business incubator; defining the term "business incubator"; applying the Act to tax years beginning after June 30, 2007; etc.

History by Legislative and Calendar Date

Senate Action

3/12

First Reading Senate Rules

Motion Rules Suspended for late introduction (Senator Currie) Adopted

Referred Senate Rules

3/16

Re-referred Budget and Taxation

Hearing 3/19 at 1:00 p.m.

Hearing cancelled

Hearing 3/20 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Commerce and Business -see also- Dealers; Traders; etc

Municipal Corporations -see also- Annap; Balt; Hager; OC

Nonprofit Organizations

Prince George's County

Property Tax

Small Business

State Universities and Colleges

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - Property

( 9-318 )

Documents:

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

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

Amendments: None offered