Bill number does not exist. Enter a vaild keyword.

Legislation


1999 Regular Session

SENATE BILL 507

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

Synopsis:

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.

History by Legislative Date

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 )

Documents:

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)
Click to return on the top page