SENATE BILL 143

Sponsored By:

Senator Hoffman

Entitled:

Local Property Tax Credit - County Income Tax Rate Increases

Synopsis:

Making a technical correction to a provision authorizing local governments to grant a local property tax credit to offset increases in local income tax revenues resulting from an increase in the county income tax rate above a specified rate, by changing a reference to the county income tax rate from 50% to 2.6% to account for the alteration of the computation of the county income tax; and making the Act an emergency measure.

History by Legislative Date

Senate Action

1/18

First Reading Budget and Taxation

Hearing 1/24 at 2:30 p.m.

1/29

Favorable Report by Budget and Taxation

1/30

Favorable Report Adopted

Second Reading Passed

2/1

Third Reading Passed (45-0)

4/3

Returned Passed

5/15

Signed by the Governor Chapter 358

House Action

2/2

First Reading Ways and Means

3/14

Hearing 3/28 at 1:00 p.m.

4/5

Favorable Report by Ways and Means

3/31

Favorable Report Adopted

Second Reading Passed

4/2

Third Reading Passed (137-0)

Bill indexed under the following Subjects:

COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES

INCOME TAX

MUNICIPAL CORPORATIONS -see also- ANNAP; BALT; HAGER; OC

PROPERTY TAX

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - Property

( 9-221 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered

Roll Call Votes (Legislative dates are shown):

Senate

February 1, 2001: Third Reading Passed (45-0)

House

April 2, 2001: Third Reading Passed (137-0)