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2007 Regular Session bill information current as of October 3, 2007 - 11:20 p.m.
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SENATE BILL 298

File Code: Taxes - Income
Prior Year Introduction As: SB 1009/06
Crossfiled with: HOUSE BILL 778

Sponsored By:
Senators Frosh, Brochin, Conway, Dyson, Garagiola, Lenett, Madaleno, Peters, and Zirkin

Entitled:
Income Tax Credits for Green Buildings - Additional Credits Authorized


Synopsis:

Altering eligibility requirements for the green building tax credits; allowing an individual or business entity to transfer green building tax credits to another individual or business entity under specified circumstances; authorizing an individual or business entity to whom a green building tax credit is transferred to claim a credit against the Maryland income tax; increasing the maximum annual and aggregate amount of initial credit certificates that the Maryland Energy Administration may issue; defining the term "business entity"; etc.


History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

Senate Action
1/31
First Reading Budget and Taxation
2/1
Hearing 2/14 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Brian E. Frosh, District 16
Senator Jim Brochin, District 42
Senator Joan Carter Conway, District 43
Senator Roy P. Dyson, District 29
Senator Rob Garagiola, District 15
Senator Mike Lenett, District 19
Senator Richard S. Madaleno, Jr., District 18
Senator Douglas J. J. Peters, District 23
Senator Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Conservation -see also- Soil Conservation
Construction
Energy Matters -see also- Fuel; Power Plants; Solar Energy
Environmental Matters -see also- Conserv; Nat Resrce; Pollut
Income Tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-722 )


Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered



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