File Code: Taxes - Income
- Sponsored By:
-
Delegate Davis
- Entitled:
-
Income Tax - Subtraction Modification and Tax Credit - Interest on Loans to
Enterprise Zone Businesses
Allowing a subtraction modification under, and credit against, the
State income tax for interest income from loans made to businesses or
the owners of businesses located in an enterprise zone; prohibiting
the lender from having an equity or other ownership interest in the
business entity; requiring a lender to reduce the principal of a
residential mortgage loan of an owner of a specified business entity
by the amount of the allowed credit within 90 days after an income tax
return is filed; etc.
Legislative date is used to record
history occurring in the Chambers
otherwise Calendar date is used.
House Action
- 11/9
- Pre-filed
- 1/12
- First Reading Ways and Means
- 1/26
- Hearing 2/10 at 1:00 p.m.
- 2/28
- Unfavorable Report by Ways and Means
Senate Action
- No Action
Bill indexed under the following Subjects:
- Commerce and Business -see also- Dealers; Elec. Comm.; etc
- Corporations -see also- Municipal Corps; Public Corps & Inst
- Enterprise Zones
- Exemptions
- Income Tax
- Interest
- Loans -see also- Mortgages
- Mortgages
- Tax Credits -see also- Circuit Breaker
Bill affects the following Statutes:
- Tax - General
- (
10-207 ,
10-207 ,
10-307 ,
10-307 ,
10-729
)
All documents except Roll Call Votes are
displayed in PDF format:
- Bill Text:
First Reading,
Third Reading, Enrolled
- Fiscal and Policy Note:
Available
- Amendments:
None offered
-
Committee Votes :
House
- Ways and Means