Legislation
- Title
- Purple Line Construction Zone – State Income Tax Credit and Grant Program
- Sponsored by
- Delegates Wilkins, Charkoudian, Feldmark, W. Fisher, Healey, Ivey, Korman, Moon, Palakovich Carr, Shetty, Solomon, Valderrama, Washington, and Williams
- Status
- In the Senate - Third Reading Passed with Amendments (45-0)
- Analysis
- Fiscal and Policy Note (Revised)
Synopsis
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; requiring the Department of Commerce, in consultation with the Department of Transportation to determine the eligible amount of the income tax credit; providing the amount of the credit may not exceed $25,000; making the income tax credit refundable; establishing the Purple Line Construction Zone Grant Program; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
- Opposite:
- Budget and Taxation
Committee Testimony
Details
History
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File Code
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Subjects
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Statutes
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(
17-101 )
(
10-751 )
Last Updated: 9/22/2020 1:54 PM