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SB 0651 - Economic Development - Green Business Incentive Zones
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Tracking Level: No Position
Sponsor: Senator Victor R. Ramirez, District 47
Last Action: 3/12/2012 - S Unfavorable Report by Budget and Taxation Withdrawn
Senate Committee: Senate Committee on Budget and Taxation
Assigned To:
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Staff Analysis of the Legislation


Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text
BILL INFO-2012 Regular Session-SB 651
2012 Regular Session

SENATE BILL 651

File Code: Economic and Community Development Prior Year Introduction As: SB 646/11 - B&T & FIN
Sponsored By:
Senators Ramirez, Ferguson, Forehand, Garagiola, Jones-Rodwell, Klausmeier, Manno, Montgomery, Rosapepe, and Stone
Entitled:
Economic Development - Green Business Incentive Zones

Synopsis:

Authorizing the creation of green business incentive zones in the State; establishing eligibility criteria and factors to be considered by the Secretary of Business and Economic Development in approving the zones; establishing procedures for applying for establishment of the zones and the benefits available in the zones; establishing a State income tax credit and real property tax credit available to specified businesses located in a green business incentive zone; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
Senate Action
2/3
First Reading Budget and Taxation & Finance
2/8
Hearing 3/13 at 1:00 p.m. (Budget and Taxation)
3/7
Hearing cancelled
Hearing 3/13 at 1:30 p.m. (Budget and Taxation)
3/9
Hearing cancelled
3/12
Unfavorable Report by Budget and Taxation Withdrawn
House Action
No Action

Sponsored by:

Senator Victor R. Ramirez, District 47
Senator Bill Ferguson, District 46
Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15
Senator Verna L. Jones-Rodwell, District 44
Senator Katherine Klausmeier, District 8
Senator Roger P. Manno, District 19
Senator Karen S. Montgomery, District 14
Senator Jim Rosapepe, District 21
Senator Norman R. Stone, Jr., District 6

Bill indexed under the following Subjects:

Alternative Energy Sources
Apprentices
Assessments and Taxation, Department of
Business and Economic Development, Department of
Commerce and Business -see also- Dealers; Elec. Comm.; etc
Commercial Rehabilitation -see also- Urban Renewal
Comptroller
Counties -see also- Chartered Counties; Code Counties
Energy Matters -see also- Alt Energy Res; Fuel; Power Plants
Environmental Matters -see also- Conserv; Nat Resrce; Pollut
Income Tax
Job Training
Municipal Corporations -see also- Annap; Balt; Hager; OC
Property Tax
Real Property
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Zoning and Planning

Bill affects the following Statutes:

Economic Development
( 5-102 , 5-105 , 5-1401 through 5-1408 , 5-1403 )
Tax - General
( 10-702.1 )
Tax - Property
( 9-103.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Not available at this time
Amendments: None offered