MD SB796 | 2017 | Regular Session
Status
Spectrum: Bipartisan Bill
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-03-07 - Hearing 3/07 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-03-07 - Hearing 3/07 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing the County Economic Development Tax Incentives Program to encourage businesses to locate and expand in specified counties of the State; providing that after a business is designated as a qualified business, the business is eligible for a specified State property tax exemption, income tax subtraction modification, and sales and use tax exemption; authorizing a county and municipal corporation to provide a specified exemption from the county and municipal corporation property tax; etc.
Title
Economic Development - County Economic Development Tax Incentives Program and One Maryland Tax Credit
Sponsors
Sen. George Edwards [R] | Sen. Joan Conway [D] | Sen. Adelaide Eckardt [R] | Sen. William Ferguson [D] |
Sen. Stephen Hershey [R] | Sen. Jim Mathias [D] | Sen. Nathaniel McFadden [D] |
History
Date | Chamber | Action |
---|---|---|
2017-03-07 | Senate | Hearing 3/07 at 1:00 p.m. |
2017-02-03 | Senate | First Reading Budget and Taxation |
Subjects
Commerce and Business
Commerce, Department of
Commercial Rehabilitation
Community Development
Counties
Economic and Community Development
Exemptions
Income Tax
Municipal Corporations
Property Tax
Rules and Regulations
Tax Credits
Commerce, Department of
Commercial Rehabilitation
Community Development
Counties
Economic and Community Development
Exemptions
Income Tax
Municipal Corporations
Property Tax
Rules and Regulations
Tax Credits