2008 Regular Session

HOUSE BILL 1216

File Code: Taxes - Income
Sponsored By:
Delegates Stein, Cardin, George, Morhaim, and Niemann
Entitled:
Income Tax - Subtraction Modification - Contributions to Volunteer Fire Companies

Synopsis:

Providing a subtraction modification under the State income tax for specified contributions by a corporation to a volunteer fire company; requiring that the Comptroller may not issue more than $3,000,000 in donation certificates for any taxable year; authorizing specified volunteer fire companies to provide specified donation certificates to corporations for specified charitable contributions; providing that a donation certificate may not be carried forward; applying the Act to taxable years beginning after December 31, 2007; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
2/8
First Reading Ways and Means
2/13
Hearing 3/20 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Dana Stein, District 11
Delegate Jon S. Cardin, District 11
Delegate Ron George, District 30
Delegate Dan K. Morhaim, District 11
Delegate Doyle L. Niemann, District 47

Bill indexed under the following Subjects:

Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Exemptions
Fire Protection
Gifts
Income Tax

Bill affects the following Statutes:

Tax - General
( 10-308 , 10-308 )

Documents:

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