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Legislation


1998 Regular Session

HOUSE BILL 1199

CHAPTER NUMBER: 735 File Code: Miscellaneous
Sponsored By:
Delegates Bonsack and Taylor
Entitled:
Heritage Structure Rehabilitation Credit

Synopsis:

Increasing from 15% to 25% the percentage of a taxpayer's qualified rehabilitation expenditures that may be claimed as a tax credit for a certified rehabilitation of a certified heritage structure; and providing that the Act shall be applicable to all taxable years beginning after December 31, 1998.

History by Legislative Date

House Action
2/13
First Reading Ways and Means
2/25
Hearing 3/11 at 3:00 p.m.
3/25

Favorable with Amendments Report by Ways and Means
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (135-0)
4/7
House Concur - Senate Amendments
Third Reading Passed (138-0)
Passed Enrolled
5/21
Signed by the Governor Chapter 735
Senate Action
3/27
First Reading Budget and Taxation
3/30
Hearing 4/1 at 1:30 p.m.
4/9
Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/10
Third Reading Passed with Amendments (45-1)
Sponsored by:
Delegate Rose Mary Hatem Bonsack, District 34
Delegate Casper R. Taylor, Jr., District 1C
Bill indexed under the following Subjects:
ADMINISTRATIVE AGENCIES
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
HISTORICAL MATTERS
MORTGAGES
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
Article - 83B Department of Housing and Community Development
( 5-801 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
House
Number: 525648/1 (PDF)     Offered on: March 25, 1998   at: 12:29 p.m.     Status: Adopted
Senate
Number: 709216/1 (PDF)     Offered on: April 9, 1998   at: 11:09 a.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 26, 1998: Third Reading Passed (135-0)
April 7, 1998: Third Reading Passed (138-0)
Senate
April 10, 1998: Third Reading Passed (45-1)
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