SENATE BILL 412

Sponsored By:

Senators Boozer, Kelley, McCabe, Sfikas, and Van Hollen

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 income tax due on unrelated business taxable income; altering definitions; applying the Act; terminating a part of the Act; etc.

Legislative History

Senate Action

1/31

First Reading Budget and Taxation

2/2

Hearing 2/9 at 1:00 p.m.

2/6

Hearing cancelled

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

2/14

Hearing cancelled

Hearing 2/23 at 12:00 p.m.

4/4

Favorable with Amendments Report by Budget and Taxation

4/2

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/3

Third Reading Passed (46-0)

4/6

Returned Passed

5/23

Governor vetoed - Cross-filed bill was signed

House Action

3/30

First Reading Ways and Means

4/5

Hearing 4/6 at 1:00 p.m.

4/6

Favorable Report by Ways and Means

4/3

Favorable Report Adopted

Second Reading Passed

4/4

Third Reading Passed (127-0)

Sponsored by:

Senator F. Vernon Boozer, District 9

Senator Delores G. Kelley, District 10

Senator Christopher J. McCabe, District 14

Senator Perry Sfikas, District 46

Senator Christopher Van Hollen, Jr., District 18

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:

Senate

Number: 538691/1 (PDF) Offered on: APRIL 4, 1996 at: 12:40 Status: Adopted