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Legislation


2001 Regular Session

HOUSE BILL 1257

File Code: Economic and Community Development
Sponsored By:
Delegates Rosenberg and Taylor
Entitled:
Renewal Communities and New Markets Tax Credits

Synopsis:

Providing that a federally-designated renewal community is an enterprise zone for purposes of provisions of State law providing incentives and initiatives within an enterprise zone and is a revitalization area for purposes of the State job creation tax credit; allowing a State income tax credit for qualified equity investments in qualified Maryland community development entities; requiring the Secretary of Housing and Community Development and the Comptroller to adopt regulations; etc.

History by Legislative Date

House Action
2/9
First Reading Ways and Means
2/14
Hearing 2/28 at 1:00 p.m.
3/30
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Samuel I. Rosenberg, District 42
Delegate Casper R. Taylor, Jr., District 1C
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMMUNITY DEVELOPMENT
COMPTROLLER
ENTERPRISE ZONES
HOUSING AND COMMUNITY DEVELOPMENT, DEPARTMENT OF
INCOME TAX
INVESTMENTS -see also- SECURITIES
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER
WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-401 , 5-402 , 5-1101 )
Tax - General
( 10-722 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
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