Legislation

Title: Economic Development - Rural Economic Development Program and One Maryland Tax Credit
Sponsored by: Senators Edwards, Astle, Bates, Cassilly, DeGrange, Eckardt, Hershey, Hough, Jennings, King, Mathias, Middleton, Miller, Norman, Peters, Salling, Waugh, and Young
Status: In the Senate - Hearing 2/18 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Establishing the Rural Economic Development Program to encourage businesses to locate and expand in the rural counties of the State; providing that for 10 taxable years after a business is designated as a qualified business under the Program, the business is eligible for a specified property tax exemption, income tax subtraction modification, and sales and use tax exemption; establishing the Rural Economic Development Program Infrastructure Fund as a special, nonlapsing fund to be used to make grants to specified counties; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB1089

Bill File Type: Regular

Effective Date(s): October 1, 2015

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/02/2015 Legislative Date 2/02/2015 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/04/2015 Legislative Date 2/04/2015 Action Hearing 2/18 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2015	2/02/2015	First Reading Budget and Taxation
Senate	2/04/2015	2/04/2015	Hearing 2/18 at 1:00 p.m.

Documents

Date Posted	Document Name
2/03/2015	Text - First - Economic Development - Rural Economic Development Program and One Maryland Tax Credit

File Code

Subjects

Statutes