Repealing specified credits allowed against specified State taxes; altering specified tax benefits provided under law by converting specified credits allowed against income tax liability to income tax subtraction modifications in specified amounts under specified circumstances for purposes of determining Maryland taxable income; providing that the Act does not affect tax credits claimed on or after July 1, 2004, by a person qualifying for the credit before July 1, 2004; and applying the Act to tax years after 2003.

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Sponsored by:

Delegate Michael R. Gordon, District 17

Delegate Marshall T. Goodwin, District 40

Delegate Anne Healey, District 22

Delegate Henry B. Heller, District 19

Delegate Sheila E. Hixson, District 20

Delegate Anne R. Kaiser, District 14

Delegate Justin D. Ross, District 22

Bill indexed under the following Subjects:

AGRICULTURE -see also- FARMLAND

AQUACULTURE

COAL

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

COMMERCIAL REHABILITATION

COMMUTERS -see also- CAR POOLS

CONSERVATION -see also- SOIL CONSERVATION

DAY CARE

DISABILITIES -see also- BLIND; DEAF; DEVELOPMENTAL

EASEMENTS

EDUCATION -see also- DRIVER ED; HIGHER ED; SPECIAL ED; etc

ENERGY MATTERS -see also- FUEL; POWER PLANTS; SOLAR ENERGY

ENTERPRISE ZONES

EXEMPTIONS

EX-OFFENDERS

FINANCIAL INSTITUTIONS -see also- BANKS; CREDIT UNIONS; etc.

FRANCHISES

GIFTS

HEALTH INSURANCE -see also- HMOS; MANAGED CARE ORGANIZATIONS

HISTORICAL MATTERS

INCOME TAX

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

LONG TERM CARE -see also- CONTINUING CARE; NURSING HOMES

NONPROFIT ORGANIZATIONS

OYSTERS

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

SOLAR ENERGY

STUDENTS

TAX CREDITS -see also- CIRCUIT BREAKER

TEACHERS

TRANSPORTATION -see also- AIRCRAFT; AIRPORTS; BOATS; etc

TUITION

URBAN RENEWAL -see also- COMMERCIAL REHABILITATION

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

WORK, LABOR AND EMPLOYMENT -see also- COL BARG; HOLIDAY; etc

Bill affects the following Statutes:

Article - 83A Department of Business and Economic Development

( 5-404 , 5-1101 , 5-1102 , 5-1103 , 5-1501 , 5-1501 , 5-1501 )

Article - 83B Department of Housing and Community Development

( 4-701 , 4-704 , 4-705 )

Article - 88A Department of Human Resources

( 54 )

Education

( 21-309 , 21-501 )

Environment

( 2-901 , 2-901 )

Insurance

( 6-105 , 6-114 )

Labor and Employment

( 11-702 , 11-704 , 11-705 )

Tax - General

( 8-213 , 8-406 , 8-410 , 8-415 , 8-416 , 10-205 , 10-205 , 10-208 , 10-218 , 10-226 , 10-226 , 10-227 , 10-227 , 10-228 , 10-229 , 10-230 , 10-231 , 10-232 , 10-233 , 10-234 , 10-235 , 10-236 , 10-237 , 10-238 , 10-239 , 10-240 , 10-241 , 10-241 , 10-242 , 10-242 , 10-243 , 10-243 , 10-244 , 10-245 , 10-246 , 10-306 , 10-306 , 10-308 , 10-702 , 10-704.1 , 10-704.10 , 10-704.3 , 10-704.4 , 10-704.5 , 10-704.6 , 10-704.7 , 10-704.8 , 10-704.9 , 10-707 , 10-710 , 10-711 , 10-714 , 10-715 , 10-717 , 10-809 , 10-812 )

Tax - Property

( 9-230 , 9-230 )

Documents:

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

Fiscal Note: Available (WORD / PDF)

Amendments: None offered