Legislation

Title: Economic Development - Rural Economic Development Program and One Maryland Tax Credit
Sponsored by: Delegates Beitzel, Buckel, Krebs, McKay, Otto, and B. Wilson
Status: In the House - Hearing 3/11 at 1:00 p.m. (Economic Matters)
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:: Economic Matters Click to view Recorded Media; Ways and Means

Details

Cross-filed with: SB0196

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 House Calendar Date 2/12/2015 Legislative Date 2/13/2015 Action First Reading Economic Matters and Ways and Means Proceedings
Chamber House Calendar Date 2/13/2015 Legislative Date 2/13/2015 Action Hearing 3/11 at 1:00 p.m. (Economic Matters) Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2015	2/13/2015	First Reading Economic Matters and Ways and Means
House	2/13/2015	2/13/2015	Hearing 3/11 at 1:00 p.m. (Economic Matters)

Documents

Date Posted	Document Name
2/14/2015	Text - First - Economic Development - Rural Economic Development Program and One Maryland Tax Credit

File Code

Subjects

Statutes