|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2006 LAWS OF MARYLAND
|
|
|
|
Ch. 248
|
|
|
|
|
|
|
|
|
|
|
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2006, and shall be applicable to all taxable years beginning after December 31,
2006.
Approved May 2, 2006.
|
|
|
|
|
|
|
|
CHAPTER 248
(House Bill 487)
AN ACT concerning
Tax Credit for Maryland-Mined Coal
FOR the purpose of altering certain credits allowed against the public service
company franchise tax and State income tax for the purchase of
Maryland-mined coal; limiting the credit to the amount approved by the
Department of Assessments and Taxation; limiting the total amount of credits
that the Department may approve for certain calendar years to certain amounts;
allowing a credit against the public service company franchise tax or State
income tax for certain new or retrofitted facilities using certain technology that
use Maryland mined coal; requiring the Department of Business and Economic
Development to report to certain committees on the economic and
environmental impacts of the Maryland mined coal tax credit prohibiting the
credits from being claimed after a certain date: providing for the application of
this Act; and generally relating to certain credits against the certain taxes for
the purchase of Maryland-mined coal.
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 8-406(b) and 10-704.1
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
BY adding to
Article - Tax - General
Section 10 726
Annotated Code of Maryland
(2004 Replacement Volume and 2005 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
|
|
|
|
|
|
|
|
- 1446 -
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
![clear space](../../../images/clear.gif) |