HOUSE BILL 726

Sponsored By:

Montgomery County Delegation

Entitled:

Montgomery County - Property Tax Credit - Benefit Corporations and Benefit Limited Liability Companies MC 13-12

Synopsis:

Authorizing the governing body of Montgomery County to grant a tax credit against the county property tax imposed on specified property owned or leased by benefit corporations or benefit limited liability companies; authorizing the governing body of Montgomery County to provide for eligibility and certification criteria for the credit, the amount and duration of the credit, regulations and procedures for the credit, and other provisions necessary to carry out the credit; etc.

History by Legislative and Calendar Date

House Action

2/8

First Reading Ways and Means

Hearing 2/28 at 1:00 p.m.

3/22

Favorable Report by Ways and Means

3/20

Favorable Report Adopted

Second Reading Passed

3/22

Third Reading Passed (138-0)

3/30

Returned Passed

Senate Action

3/22

First Reading Budget and Taxation

3/28

Hearing 3/29 at 1:30 p.m.

4/2

Favorable Report by Budget and Taxation

3/27

Favorable Report Adopted

Second Reading Passed

3/28

Third Reading Passed (44-0)

Action after passage in House and Senate

4/10

Approved by the Governor

- Chapter 135

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst

Limited Liability Companies

Montgomery County

Property Tax

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Corporations and Associations

( 4A-1101 , 4A-1101 , 4A-1103 , 5-6C-01 , 5-6C-03 )

Tax - Property

( 9-317 )

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments: None offered

Committee Votes :

House

Ways and Means

Senate

Budget and Taxation

Roll Call Votes (Legislative dates are shown):

House

March 22, 2012: Third Reading Passed (138-0)

Senate

March 28, 2012: Third Reading Passed (44-0)