Maryland House Bill 1638 (Prior Session Legislation)

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Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on March 2 2017 - 25% progression, died in committee
Action: 2017-03-02 - First Reading House Rules and Executive Nominations
Pending: House Rules and Executive Nominations Committee
Text: Latest bill text (Introduced) [PDF]

Authorizing the creation of employee ownership trusts; providing for the exclusive purpose of an employee ownership trust; requiring the trustee of an employee ownership trust to carry out the express terms and purposes of the trust; providing, under specified circumstances, for the distribution of the principal or income of an employee ownership trust; authorizing specified tax benefits, procurement preferences, loan guarantees, and promotion activities to encourage the creation of employee ownership arrangements; etc.

Employee Ownership Trusts

Del. Keith Haynes [D]

Date	Chamber	Action
2017-03-02	House	First Reading House Rules and Executive Nominations

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1638?ys=2017rs
Text	https://mgaleg.maryland.gov/2017RS/bills/hb/hb1638f.pdf