Passed BothConf. Cmte
- State Income and Property Tax Credits - Purple Line Construction Zone
- Sponsored by
- Senator Smith
- In the Senate - Hearing 2/26 at 1:00 p.m.
- Fiscal and Policy Note
Allowing certain qualified businesses impacted by the construction of the Purple Line light rail project in Montgomery County and Prince George's County a credit against the State income tax and State property tax; requiring the Department of Transportation to determine the eligible amount of the income tax credit; making the income tax credit refundable; requiring the Department to administer the income tax credit; requiring the Department to make determinations and implement processes relevant to certifying qualified businesses; etc.
Bill File Type: Regular
Effective Date(s): June 1, 2020
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( 10-751 )
( 9-112 )
Last Updated: 9/22/2020 3:14 PM