Legislation

Title: Property Tax - Vehicles Valued as Stock in Business - Alteration of Tax Credit
Sponsored by: Delegate Holmes
Status: In the House - First Reading House Rules and Executive Nominations
Analysis: Fiscal and Policy Note

Synopsis

Increasing from 50% to 100% a certain property tax credit that the governing body of a county or municipal corporation is required to grant against the county or municipal corporation property tax imposed on vehicles valued as stock in business beginning on July 1, 2016; and applying the Act retroactively to taxable years beginning after June 30, 2016.

Committees

Original:: Rules and Executive Nominations

Details

Cross-filed with: SB0478

Bill File Type: Regular

Effective Date(s): June 1, 2019

Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit

History

Legislation History
Chamber House Calendar Date 2/15/2019 Legislative Date 2/15/2019 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax - Vehicles Valued as Stock in Business - Alteration of Tax Credit Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/15/2019	2/15/2019	First Reading House Rules and Executive Nominations
			Text - First - Property Tax - Vehicles Valued as Stock in Business - Alteration of Tax Credit

File Code

Subjects

Statutes