MD HB540 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 14-0)
Status: Engrossed on March 14 2020 - 50% progression, died in chamber
Action: 2020-03-18 - Third Reading Passed (45-0)
Text: Latest bill text (Engrossed) [PDF]
Status: Engrossed on March 14 2020 - 50% progression, died in chamber
Action: 2020-03-18 - Third Reading Passed (45-0)
Text: Latest bill text (Engrossed) [PDF]
Summary
Allowing certain qualified businesses impacted by the construction of the Purple Line light rail project in Montgomery County and Prince George's County a credit against the State income tax; requiring the Department of Commerce, in consultation with the Department of Transportation to determine the eligible amount of the income tax credit; providing the amount of the credit may not exceed $25,000; making the income tax credit refundable; establishing the Purple Line Construction Zone Grant Program; etc.
Title
Purple Line Construction Zone – State Income Tax Credit and Grant Program
Sponsors
Roll Calls
2020-03-18 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
2020-03-14 - House - Third Reading Passed (Y: 107 N: 22 NV: 3 Abs: 9) [PASS]
2020-03-14 - House - Third Reading Passed (Y: 107 N: 22 NV: 3 Abs: 9) [PASS]
History
Date | Chamber | Action |
---|---|---|
2020-03-18 | Senate | Third Reading Passed (45-0) |
2020-03-18 | Senate | Second Reading Passed with Amendments |
2020-03-18 | Senate | Favorable with Amendments {509534/1 Adopted |
2020-03-17 | Senate | Favorable with Amendments Report by Budget and Taxation |
2020-03-15 | Senate | Referred Budget and Taxation |
2020-03-14 | House | Third Reading Passed (107-22) |
2020-03-13 | House | Second Reading Passed with Amendments |
2020-03-13 | House | Favorable with Amendments {835968/1 Adopted |
2020-03-13 | House | Favorable with Amendments Report by Ways and Means |
2020-01-28 | House | Hearing 2/20 at 1:00 p.m. |
2020-01-27 | House | First Reading Ways and Means |
Same As/Similar To
SB645 (Crossfiled) 2020-02-10 - Hearing 2/26 at 1:00 p.m.
Subjects
Commerce and Business
Comptroller
Income Tax
Mass Transit
Montgomery County
Prince George's County
Property Tax
Railroads
Records
Rules and Regulations
Taxes - Income
Transportation, Department of
Comptroller
Income Tax
Mass Transit
Montgomery County
Prince George's County
Property Tax
Railroads
Records
Rules and Regulations
Taxes - Income
Transportation, Department of
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Economic Development | 17 | 101 | (n/a) | See Bill Text |
Tax - General | 10 | 751 | (n/a) | See Bill Text |