Limiting the qualifying expenditures under the Maryland Heritage Structure Rehabilitation Tax Credit allowed for a rehabilitation to the amount of estimated expenditures as stated in the application for approval of a plan of proposed rehabilitation; limiting the amount of State tax credit allowed for any rehabilitation to $3,000,000; altering the calculation of the credit; providing for the termination of the credit as of June 1, 2004; etc.

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Sponsored by:

Delegate Sheila E. Hixson, District 20

Delegate K. Bennett Bozman, District 38

Delegate Clarence Davis, District 45

Delegate Anne Healey, District 22A

Delegate Carolyn J. B. Howard, District 24

Bill indexed under the following Subjects:

ADMINISTRATIVE AGENCIES -see also- ELECTRONIC GOVERNMENT

BILLS (LEGISLATIVE) -see also- CORRECTIVE LEG; CURATIVE LEG.

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

COMMERCIAL REHABILITATION

COMPTROLLER

CONSERVATION -see also- SOIL CONSERVATION

HISTORICAL MATTERS

INCOME TAX

INTERSTATE AFFAIRS

LEGISLATIVE SERVICES, DEPARTMENT OF

NONPROFIT ORGANIZATIONS

NOTICES

REPORTS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Article - 83B Department of Housing and Community Development

( 5-801 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading (RTF / PDF), Enrolled (RTF / PDF)

Fiscal Note: Available (Word / PDF)

Amendments:

House

Number: 645362/1 (WordPerfect / PDF)     Offered on: March 23, 2002   at: 3:26 p.m.     Status: Adopted

Senate

Number: 179331/1 (WordPerfect / PDF)     Offered on: April 2, 2002   at: 8:04 p.m.     Status: Adopted

Number: 839037/1 (WordPerfect / PDF)     Offered on: April 2, 2002   at: 7:58 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 24, 2002: Third Reading Passed (95-33)

April 5, 2002: Third Reading Passed (104-33)

Senate

April 1, 2002: Third Reading Passed (44-0)