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2006 LAWS OF MARYLAND
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Ch. 447
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(1) THE AMOUNT AND DURATION OF THE TAX CREDIT UNDER THIS
SECTION; AND
(2) ADDITIONAL ELIGIBILITY CRITERIA FOR THE TAX CREDIT UNDER
THIS SECTION;
(3) REPUTATIONS AND PROCEDURES FOR THE ADMINISTRATION OF
REQUESTS FOR THE TAX CREDIT UNDER THIS SECTION; AND
(2) (4) ANY OTHER PROVISION NECESSARY TO CARRY OUT THE TAX
CREDIT UNDER THIS SECTION.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
June 1, 2006, and shall be applicable to all taxable years beginning after June 30,
2006.
Approved May 16, 2006.
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CHAPTER 447
(Senate Bill 1076)
AN ACT concerning
Department of Housing and Community Development - Neighborhood and
Community Assistance Program - Community Investment Tax Credit
FOR the purpose of providing that a business entity is entitled to a certain tax credit
for a contribution of real property to an approved project operated by a nonprofit
organization under the Neighborhood and Community Assistance Program of
the Department of Housing and Community Development; increasing a certain
maximum tax credit allowed for a certain contribution; increasing the maximum
amount of contributions eligible for a certain tax credit for a fiscal year;
providing for the application of this Act; and generally relating to tax credits
allowed for contributions to an approved project under the Neighborhood and
Community Assistance Program of the Department of Housing and Community
Development.
BY repealing and reenacting, with amendments,
Article — Housing and Community Development
Section 6-404(a) and (b) and 6-405(c)
Annotated Code of Maryland
(2005 Volume)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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- 2312 -
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