Maryland Senate Bill 656 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Engrossed on March 18 2019 - 50% progression, died in committee
Action: 2019-03-20 - Hearing 3/27 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Authorizing an additional 5% tax credit under the historic revitalization tax credit program for commercial rehabilitations that qualify as opportunity zone projects; altering the definition of "small commercial project" to include certain residential units sold as part of a development project and certain targeted projects; making the credit transferable and refundable under certain circumstances; requiring the Governor in fiscal years 2018 through 2024 to include in the budget bill an appropriation to the Reserve Fund; etc.

Heritage Structure Rehabilitation Tax Credit - Alterations - Opportunity Zones, Targeted Projects, and Transferability

Sen. William Ferguson [D]

2019-03-16 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 47 N: 1 NV: 1 Abs: 2) [PASS]

Date	Chamber	Action
2019-03-20	House	Hearing 3/27 at 1:00 p.m.
2019-03-19	House	First Reading Ways and Means
2019-03-18	Senate	Third Reading Passed (46-0)
2019-03-18	Senate	Second Reading Passed with Amendments
2019-03-18	Senate	Favorable with Amendments {319236/1 Report Adopted
2019-03-15	Senate	Favorable with Amendments Report by Budget and Taxation
2019-02-06	Senate	Hearing 3/05 at 1:45 p.m.
2019-02-04	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0656?ys=2019rs
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0656f.pdf
Text	https://mgaleg.maryland.gov/2019RS/bills/sb/sb0656t.pdf
Amendment	https://mgaleg.maryland.gov/2019RS/amds/bil_0006/sb0656_31923601.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/fnotes/bil_0006/sb0656.pdf
Supplement	https://mgaleg.maryland.gov/2019RS/votes_comm/sb0656_b&t.pdf
Roll Call	https://mgaleg.maryland.gov/2019RS/votes/Senate/0671.pdf