SENATE BILL 619

Sponsored By:

Senators Van Hollen, Hogan, and Middleton

Entitled:

Tax Credits - Businesses that Create New Jobs

Synopsis:

Requiring that specified business entities locate new or expanded premises in designated priority funding areas in order to qualify for tax credits for businesses that create new jobs; making stylistic changes; extending the application of specified tax credits and a termination provision; providing for the application of the Act; etc.

History by Legislative Date

Senate Action

2/6

First Reading Budget and Taxation

2/25

Hearing 3/11 at 1:30 p.m.

3/16

Favorable Report by Budget and Taxation

3/17

Favorable Report Adopted

Second Reading Passed

3/19

Third Reading Passed (47-0)

4/11

Return Passed

5/21

Signed by the Governor Chapter 623

House Action

3/20

First Reading Ways and Means

3/25

Hearing 3/31 at 1:00 p.m.

4/9

Favorable Report by Ways and Means

4/5

Favorable Report Adopted

Second Reading Passed

4/6

Special Order next session (Delegate Love) Adopted

4/7

Third Reading Passed (135-1)

Sponsored by:

Senator Christopher Van Hollen, Jr., District 18

Senator Patrick J. Hogan, District 39

Senator Thomas McLain Middleton, District 28

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.

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

FRANCHISES

INCOME TAX

INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS

PROPERTY TAX -see also- ASSESSMENTS

REVENUE AND TAXES -see also specific taxes -

SUNSET

TAX CREDITS -see also- CIRCUIT BREAKER

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

ZONING AND PLANNING

Bill affects the following Statute:

Tax - Property

( 9-230 )

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

March 19, 1998: Third Reading Passed (47-0)

House

April 7, 1998: Third Reading Passed (135-1)