HOUSE BILL 342

Sponsored By:

Delegates Ramirez and Hixson

Entitled:

Corporate Income Tax and Vehicle Rental Excise Tax - Revenue Distribution

Synopsis:

Altering the distribution of the income tax revenue from corporations; altering the distribution of the revenue collected from the sales and use tax on short-term vehicle rentals; altering the composition of the Gasoline and Motor Vehicle Revenue Account in the Transportation Trust Fund; altering the taxes that are levied and imposed for the purpose of paying the principal of and interest on specified bonds; etc.

History by Legislative Date

House Action

1/27

First Reading Ways and Means

2/2

Hearing 2/16 at 1:00 p.m.

2/9

Hearing cancelled

Hearing 2/23 at 1:00 p.m.

3/7

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Victor R. Ramirez, District 47

Delegate Sheila E. Hixson, District 20

Bill indexed under the following Subjects:

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

EXCISE TAX

FUEL TAX

INCOME TAX

LEASES AND RENT

MOTOR VEHICLES -see also- ABANDONED; AMBULANCES; BUSES; etc.

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

SALES AND USE TAX

STATE BONDS

TRANSPORTATION, DEPARTMENT OF

TRANSPORTATION -see also- AIRCRAFT; AIRPORTS; BOATS; etc

Bill affects the following Statutes:

Tax - General

( 2-614 , 2-1302.1 )

Transportation

( 3-215 , 3-216 , 8-402 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered