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Session Laws, 2006
Volume 750, Page 2106   View pdf image
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Ch. 389 2006 LAWS OF MARYLAND
CHAPTER 389
(House Bill 1280) AN ACT concerning Aid to Service-Disabled Veterans and Military Reservists or National Guard Personnel Called to Active Duty FOR the purpose of requiring the Department of Business and Economic
Development, subject to the availability of funds and in consultation with the
Department of Veterans Affairs, to establish a program to provide no-interest
loans for certain purposes to certain service-disabled veterans and certain
businesses owned by or employing military reservists or National Guard
personnel called to active duty; requiring the Department of Business and
Economic Development to administer the loans; requiring the Department of
Veterans Affairs to establish certain eligibility and priority criteria for the loan
program; limiting the period during which certain loans may be made; requiring
and authorizing the adoption of certain regulations to carry out this Act;
allowing a credit against the State income tax for certain compensation paid to
certain employees hired to replace military reservists or National Guard
personnel called to active duty under certain circumstances; providing that
certain excess credit may be carried forward and used in certain taxable years
under certain circumstances; defining certain terms; providing for the
application of this Act; and generally relating to benefits for service-disabled
veterans and businesses owned by or employing military reservists and
National Guard personnel called to active duty. BY adding to Article 83A - Department of Business and Economic Development
Section 6-901 to be under the new subtitle "Subtitle 9. Military Reservists and
Service-Related No-Interest Loan Program" Annotated Code of Maryland (2003 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:
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Session Laws, 2006
Volume 750, Page 2106   View pdf image
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