SENATE BILL 994

Sponsored By:

Senator Giannetti

Entitled:

Income Tax - Vehicle Technology Tax Credit

Synopsis:

Requiring an addition modification under the Maryland income tax on individuals and corporations for the amount of a specified deduction for federal income tax purposes for the cost of specified motor vehicles; providing for specified credits against the State income tax for the cost of specified motor vehicles incurred by an individual or corporation; providing that unused credits may be carried forward to specified taxable years; establishing the basis of specified property for Maryland income tax purposes; etc.

History by Legislative Date

Senate Action

3/7

First Reading Senate Rules

3/10

Re-referred Budget and Taxation

3/18

Hearing 3/28 at 1:00 p.m.

3/23

Hearing cancelled

Hearing 3/25 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

COMPTROLLER

ENVIRONMENT, DEPARTMENT OF

ENVIRONMENTAL MATTERS -see also- CONSERV; NAT RSRCES; POLLUT

FUEL -see also- COAL

INCOME TAX

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

NOTICES

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

TRANSPORTATION, DEPARTMENT OF

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-205 , 10-306 , 10-306 , 10-725 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered