MD SB737 | 2016 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 4-2)
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-15 - Hearing 3/15 at 2:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-15 - Hearing 3/15 at 2:30 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Establishing the Rural Economic Development Program to encourage businesses to locate and expand in the rural counties of the State; providing that for 10 taxable years after a business is designated as a qualified business under the Program the business is eligible for a specified property tax exemption, income tax subtraction modification, and sales and use tax exemption; establishing the Rural Economic Development Program Infrastructure Fund as a special, nonlapsing fund to be used to make grants to specified counties; etc.
Title
Economic Development - Rural Economic Development Program and One Maryland Tax Credit
Sponsors
Sen. George Edwards [R] | Sen. Adelaide Eckardt [R] | Sen. Stephen Hershey [R] | Sen. Roger Manno [D] |
Sen. Jim Mathias [D] | Sen. Andrew Serafini [R] |
History
Date | Chamber | Action |
---|---|---|
2016-03-15 | Senate | Hearing 3/15 at 2:30 p.m. |
2016-02-05 | Senate | First Reading Budget and Taxation |
Subjects
Allegany County
Appropriations
Calvert County
Capital Budgets
Caroline County
Carroll County
Cecil County
Charles County
Commerce and Business
Commerce, Department of
Commercial Rehabilitation
Community Development
Comptroller
Dorchester County
Economic and Community Development
Exemptions
Frederick County
Garrett County
Governor
Grants
Harford County
Investments
Kent County
Local Government Mandates
Property Tax
Queen Anne's County
Rules and Regulations
Sales and Use Tax
Somerset County
St. Mary's County
Talbot County
Tax Credits
Treasurers
Washington County
Wicomico County
Worcester County
Work, Labor and Employment
Appropriations
Calvert County
Capital Budgets
Caroline County
Carroll County
Cecil County
Charles County
Commerce and Business
Commerce, Department of
Commercial Rehabilitation
Community Development
Comptroller
Dorchester County
Economic and Community Development
Exemptions
Frederick County
Garrett County
Governor
Grants
Harford County
Investments
Kent County
Local Government Mandates
Property Tax
Queen Anne's County
Rules and Regulations
Sales and Use Tax
Somerset County
St. Mary's County
Talbot County
Tax Credits
Treasurers
Washington County
Wicomico County
Worcester County
Work, Labor and Employment