File Code: Income
Crossfiled with: HOUSE BILL 4
- Sponsored By:
-
Senators Hafer, Stoltzfus, Blount, Colburn, and Sfikas
- Entitled:
-
One Maryland Economic Development Program for Distressed Counties -
Tax Credits
Allowing credits against insurance premium tax, the financial
institution franchise tax, and the State income tax for specified
costs of eligible economic development projects undertaken by
qualified business entities in qualified economically distressed
counties and specified start-up costs of qualified business entities
locating in qualified economically distressed counties; applying the
Act to tax years after December 31, 1999; etc.
Senate Action
- 2/5
- First Reading Budget and Taxation
- 2/8
- Hearing 2/17 at 1:30 p.m.
- 3/25
- Favorable with Amendments Report by Budget and Taxation
- 3/26
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/29
- Third Reading Passed (46-0)
House Action
- 3/29
- First Reading Ways and Means
- 3/30
- Hearing 4/1 at 1:00 p.m.
- Sponsored by:
- Senator John J. Hafer, District 1
- Senator Clarence W. Blount, District 41
- Senator Richard F. Colburn, District 37
- Senator Perry Sfikas, District 46
- Senator J. Lowell Stoltzfus, District 38
- Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
- COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- FRANCHISES
- INCOME TAX
- INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
- REVENUE AND TAXES -see also specific taxes-
- RULES AND REGULATIONS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statutes:
- Article - 83A Department of Business and Economic Development
- (
5-1301
)
- Insurance
- (
6-119
)
- Tax - General
- (
8-220 ,
10-712
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 489620/1 (PDF) Offered on: March 26, 1999 at:
12:43 p.m. Status: Adopted
- Roll Call Vote (Legislative date is shown):
- Senate
- March 29, 1999: Third Reading Passed (46-0)
