File Code: Economic and Community Development
Crossfiled with: HOUSE BILL 789
- Sponsored By:
-
Senators Middleton, Miller, McFadden, Collins, Lawlah, DeGrange,
Hogan, Neall, and Van Hollen
- Entitled:
-
Heritage Structure Rehabilitation Tax Credit - Mortgage Credit
Certificates
Allowing a business entity or individual under specified circumstances
to elect to receive a historical rehabilitation mortgage credit
certificate in lieu of a specified tax credit allowed for qualified
expenses for the certified rehabilitation of certified heritage
structures; providing that a historical rehabilitation mortgage credit
certificate may be transferred to a lending institution subject to
Maryland tax and may be used by the lending institution to claim a tax
credit; etc.
Senate Action
- 2/5
- First Reading Budget and Taxation
- 2/10
- Hearing 2/24 at 1:30 p.m.
- 3/25
- Favorable with Amendments Report by Budget and Taxation
- 3/26
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/29
- Third Reading Passed (46-0)
- 4/10
- Senate Concur - House Amendment
- Third Reading Passed (47-0)
- Passed Enrolled
- 5/27
- Governor vetoed - Cross-filed bill was signed
House Action
- 3/29
- First Reading Ways and Means
- 3/30
- Hearing 4/1 at 1:00 p.m.
- 4/10
- Favorable with Amendments Report by Ways and Means
- 4/6
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 4/7
- Special Order 4/11 (Delegate Turner) Adopted (68-65)
- 4/8
- Third Reading Passed with Amendments (138-0)
- Sponsored by:
- Senator Thomas McLain Middleton, District 28
- Senator Michael J. Collins, District 6
- Senator James E. DeGrange, Sr., District 32
- Senator Patrick J. Hogan, District 39
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Thomas V. Mike Miller, Jr., District 27
- Senator Robert R. Neall, District 33
- Senator Christopher Van Hollen, Jr., District 18
- Bill indexed under the following Subjects:
- ADMINISTRATIVE AGENCIES
- FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
- HISTORICAL MATTERS
- MORTGAGES
- NONPROFIT ORGANIZATIONS
- REAL PROPERTY
- RULES AND REGULATIONS
- TAX CREDITS -see also- CIRCUIT BREAKER
- Bill affects the following Statute:
- Article - 83B Department of Housing and Community Development
- (
5-801
)
- Bill Text:
First Reading (PDF),
Third Reading (PDF), Enrolled (PDF)
- Fiscal Note:
Available (PDF)
- Amendments:
- Senate
- Number: 369029/1 (PDF) Offered on: March 26, 1999 at:
12:47 p.m. Status: Adopted
- House
- Number: 675256/1 (PDF) Offered on: April 10, 1999 at:
10:47 a.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
- Senate
- March 29, 1999: Third Reading Passed (46-0)
- April 10, 1999: Third Reading Passed (47-0)
- House
- April 7, 1999: Motion Special Order until 4/11 (Turner) Adopted (68-65)
- April 8, 1999: Third Reading Passed (138-0)
