The Honorable Casper R. Taylor, Jr.
Speaker of the House
Annapolis MD 21401
Dear Mr. Speaker:
In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 346 - Property Tax Credits - Electricity Generation Facilities - Effect on State Aid.
This bill excludes personal property subject to an electricity generation tax credit from a county's assessable base for purposes of calculating State education aid payments. The tax credit must be applied to either a new facility permitted by the Maryland Public Service Commission after June 1, 2001 or an existing facility that receives approval for modification.
Senate Bill 251, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 346.
Parris N. Glendening