HOUSE BILL 609

Sponsored By:

Delegates Howard, Hecht, Hurson, Rosapepe, Kopp, Rosenberg, Dembrow, McIntosh, Bobo, Morhaim, Healey, Shriver, Bonsack, Bozman, Cryor, Finifter, Hixson, Leopold, McKee, Marriott, C. Mitchell, Workman, Rzepkowski, and Barve

Entitled:

Work, Not Welfare, and Enterprise Zone Income Tax Credits - Tax Exempt Organizations - Unrelated Business Taxable Income

Synopsis:

Allowing specified tax exempt organizations to apply certain tax credits against certain income tax due on unrelated business taxable income; applying the Act; terminating a part of the Act; etc.

Legislative History

House Action

2/1

First Reading Ways and Means

2/7

Hearing 2/21 at 11:00 a.m.

3/18

Favorable with Amendments Report by Ways and Means

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/19

Third Reading Passed (136-1)

3/30

Returned Passed

5/23

Signed by the Governor Chapter 626

Senate Action

3/20

First Reading Budget and Taxation

3/22

Hearing 3/27 at 1:30 p.m.

4/1

Favorable Report by Budget and Taxation

3/31

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (46-0)

Sponsored by:

Delegate Carolyn J. B. Howard, District 24

Delegate Kumar P. Barve, District 17

Delegate Elizabeth Bobo, District 12B

Delegate Rose Mary Hatem Bonsack, District 34

Delegate K. Bennett Bozman, District 38

Delegate Jean Cryor, District 15

Delegate Dana Lee Dembrow, District 20

Delegate Michael J. Finifter, District 11

Delegate Anne Healey, District 22A

Delegate Sue Hecht, District 3

Delegate Sheila Ellis Hixson, District 20

Delegate John Adams Hurson, District 18

Delegate Nancy K. Kopp, District 16

Delegate John L. Leopold, District 31

Delegate Salima Siler Marriott, District 40

Delegate Maggie L. McIntosh, District 42

Delegate Robert A. McKee, District 2A

Delegate Clarence Mitchell, IV, District 44

Delegate Dan K. Morhaim, District 11

Delegate James C. Rosapepe, District 21

Delegate Samuel I. Rosenberg, District 42

Delegate James E. Rzepkowski, District 32

Delegate Mark K. Shriver, District 15

Delegate Betty Workman, District 1B

Bill indexed under the following Subjects:

INCOME TAX

NONPROFIT ORGANIZATIONS

TAX CREDITS

WORK, LABOR AND EMPLOYMENT -see also- LEAVE, OVERTIME

Bill affects the following Statutes:

Article - 88A Social Services Administration

( 56 , 56 )

Tax - General

( 10-702 , 10-704.3 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

House

Number: 395728/2 (PDF) Offered on: MARCH 18, 1996 at: 16:46 Status: Adopted