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Legislation


1999 Regular Session

SENATE BILL 779

CHAPTER NUMBER: 510 File Code: Miscellaneous Crossfiled with: HOUSE BILL 1148
Sponsored By:
Senator Ruben (Montgomery County Administration)
Entitled:
Tax Credits - New or Expanded Business Premises

Synopsis:

Providing enhanced property tax and State tax credits under a tax credit allowed for new or expanded business premises for business entities that satisfy specified requirements; authorizing affiliates of business entities to be included for specified purposes relating to qualifying for and claiming the credits; eliminating a prohibition against granting the credits to a business entity that has been certified for the Job Creation Tax Credit; repealing the December 31, 2002 termination date applicable to the tax credits; etc.

History by Legislative Date

Senate Action
3/5
First Reading Senate Rules
3/11
Re-referred Budget and Taxation
Hearing 3/16 at 3:00 p.m.
4/1

Favorable with Amendments Report by Budget and Taxation
Favorable with Amendments
Committee Amendment Adopted
Special Order 4/2 (Senator Pinsky) Adopted
4/2
Favorable with Amendments Report Adopted
Floor Amendment (Senator Pinsky) Adopted (43-0)
Second Reading Passed with Amendments
4/5
Third Reading Passed (41-4)
4/8
Return Passed
5/13
Signed by the Governor Chapter 510
House Action
4/2
First Reading Ways and Means
4/6
Hearing 4/7 at 1:00 p.m.
4/8
Favorable Report by Ways and Means
4/4
Favorable Report Adopted
Second Reading Passed
4/5
Third Reading Passed (104-26)
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
CORPORATIONS -see also- MERGERS; MUNICIPAL CORPORATIONS
COUNTIES -see also- CHARTERED COUNTIES; CODE COUNTIES
FEDERAL GOVERNMENT
FINANCIAL INSTITUTIONS -see also- BANKS & TRUST CO; CREDIT U
FRANCHISES
GROSS RECEIPTS TAX
INCOME TAX
INSURANCE -see also- HEALTH INSURANCE; MOTOR VEHICLE INS
INTERSTATE AFFAIRS
LEASES AND RENT -see also- EVICTION
MUNICIPAL CORPORATIONS
NOTICES
PROPERTY TAX -see also- ASSESSMENTS
REPORTS -see also- RECORDS
REVENUE AND TAXES -see also specific taxes-
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
WORK, LABOR AND EMPLOYMENT -see also- LEAVE; O.T.; SALARIES.
Bill affects the following Statutes:
Insurance
( 6-116 )
Tax - General
( 8-217 , 8-414 , 10-704.8 )
Tax - Property
( 9-230 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 599324/1 (PDF)     Offered on: April 1, 1999   at: 12:14 p.m.     Status: Adopted
Number: 883816/3 (PDF)     Offered on: April 2, 1999   at: 12:38 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
April 2, 1999: Floor Amendment (Pinsky) {883816/3 Adopted (43-0)
April 5, 1999: Third Reading Passed (41-4)
House
April 5, 1999: Third Reading Passed (104-26)
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