Legislation

Title: State Income and Property Tax Credits – Purple Line Construction Zone
Sponsored by: Senators Smith, Lee, Madaleno, Pinsky, Ramirez, and Rosapepe
Status: In the Senate - Hearing 2/28 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing certain 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, in consultation with the Comptroller, to determine the amount of the income tax credit; requiring the Department to certify a business entity as a qualified business if the business entity can establish loss of business income at a property in the area impacted by the construction; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0978

Bill File Type: Regular

Effective Date(s): June 1, 2018

History

Legislation History
Chamber Senate Calendar Date 2/01/2018 Legislative Date 2/01/2018 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Income and Property Tax Credits – Purple Line Construction Zone Proceedings
Chamber Senate Calendar Date 2/07/2018 Legislative Date 2/07/2018 Action Hearing 2/28 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	2/01/2018	2/01/2018	First Reading Budget and Taxation
			Text - First - State Income and Property Tax Credits – Purple Line Construction Zone
Senate	2/07/2018	2/07/2018	Hearing 2/28 at 1:00 p.m.

File Code

Subjects

Statutes