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SB 0739 - Tax Credit Evaluation Act
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Tracking Level: No Position
Sponsor: Senator Richard S. Madaleno, Jr., District 18
Last Action: 5/22/2012 - Approved by the Governor - - Chapter 568
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 739
2012 Regular Session

SENATE BILL 739

File Code: Taxes - Income Crossfiled with: HOUSE BILL 764
Sponsored By:
Senators Madaleno, Frosh, Glassman, Jones-Rodwell, Montgomery, Raskin, and Rosapepe
Entitled:
Tax Credit Evaluation Act

Synopsis:

Establishing a legislative review and evaluation process for specified tax credits allowed against specified taxes; establishing dates for review and other legislative action with regard to specified tax credits; providing for the repeal of specified and obsolete tax credits; providing for a specified construction of the repeal of tax credits; 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
2/8
Hearing 3/14 at 1:00 p.m.
3/15
Hearing 3/19 at 2:00 p.m.
3/29

Favorable with Amendments Report by Budget and Taxation
3/25
Favorable with Amendments {689131/1 Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (45-0)
4/3
Returned Passed
House Action
3/27
First Reading House Rules and Executive Nominations
4/4
Re-referred Ways and Means
4/6
Favorable Report by Ways and Means
4/1
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (113-10)
Action after passage in Senate and House
5/22
Approved by the Governor
- Chapter 568

Sponsored by:

Senator Richard S. Madaleno, Jr., District 18
Senator Brian E. Frosh, District 16
Senator Barry Glassman, District 35
Senator Verna L. Jones-Rodwell, District 44
Senator Karen S. Montgomery, District 14
Senator Jamie Raskin, District 20
Senator Jim Rosapepe, District 21

Bill indexed under the following Subjects:

Budget and Management, Department of
Committees and Commissions -see also- Political Committees
Comptroller
General Assembly -see also- AELR Cmte; Leg Policy Committee.
Hearings
Legislation -see also- Correct Leg; Cur Leg; Emerg Bills
Legislative Services, Department of
Public Information
Reports
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Sunset
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Labor and Employment
( 11-1101 through 11-1107 )
Tax - General
( 1-301 through 1-311 , 10-704.9 , 10-713 , 10-719 , 10-728 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note: Available
Amendments:
Senate
Number: 689131/01     Offered on: March 29, 2012   at: 10:40 a.m.     Status: Adopted
Committee Votes :
Senate
Budget and Taxation
House
Ways and Means
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2012: Third Reading Passed (45-0)
House
April 3, 2012: Third Reading Passed (113-10)