HOUSE BILL 110

Sponsored By:

Delegates Bissett, Hixson, Busch, Franchot, and McKee

Entitled:

Military Reuse Zones - Advanced Technology Job Creation Tax Credit

Synopsis:

Allowing a credit against specified State taxes for the establishment or expansion of an advanced technology business facility in a designated military reuse zone in the State; allowing a credit of $1,000 for each new job created during the 3 years after the establishment or expansion of a facility; etc.

Legislative History

House Action

1/8

First Reading Ways and Means

1/15

Hearing 1/23 at 1:30 p.m.

3/18

Favorable with Amendments Report by Ways and Means

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/20

Third Reading Passed (135-0)

Senate Action

3/21

First Reading Budget and Taxation

3/24

Hearing 3/26 at 1:00 p.m.

Sponsored by:

Delegate Phillip D. Bissett, District 30

Delegate Michael Erin Busch, District 30

Delegate Peter Franchot, District 20

Delegate Sheila Ellis Hixson, District 20

Delegate Robert A. McKee, District 2A

Bill indexed under the following Subjects:

ARMED FORCES -see also- MILITIA

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF

COMMERCE AND BUSINESS -see also- SMALL BUSINESS

FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U

FRANCHISES

INCOME TAX

INDUSTRY AND TECHNOLOGY

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

REVENUE AND TAXES -see also specific taxes -

RULES AND REGULATIONS

TAX CREDITS

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES

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

Bill affects the following Statutes:

Article - 83A Department of Business and Economic Development

( 5-1201 , 5-1202 , 5-1203 , 5-1204 , 5-1205 )

Insurance

( 6-115 )

Tax - General

( 8-216 , 8-413 , 10-708 )

Documents:

Bill Text:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 905636/1 (PDF) Offered on: MARCH 18, 1997 at: 11:04 Status: Adopted