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S.B. 277
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ROBERT L. EHRLICH, JR., Governor
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(d) The Board may sell small denomination bonds at a negotiated sale if the
Board determines that a negotiated sale will:
(1) result in either a more efficient or economical sale of the bonds; or
(2) provide greater access to investors who are residents of the State of
Maryland.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
October 1, 2006.
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May 26, 2006
The Honorable Thomas V. Mike Miller, Jr.
President of the Senate
State House
Annapolis, MD 21401
Dear Mr. President:
In accordance with Article II, Section 17 of the Maryland Constitution, today I have
vetoed Senate Bill 277 - Homestead Tax Credit - Eligibility - Razed Property and
Substantially Improved Property.
This bill provides that a homeowner otherwise eligible for the homestead property tax
credit who does not actually reside in a dwelling for the required period of time under
specified circumstances may continue to qualify for the credit for specified tax years;
and provides that the full benefit of the homestead property tax credit existing at the
commencement of a specified taxable year may not be diminished, subject to specified
exceptions.
House Bill 275, which was passed by the General Assembly and signed by me,
accomplishes the same purpose. Therefore, it is not necessary for me to sign Senate
Bill 277.
Very truly yours,
Robert L. Ehrlich, Jr.
Governor
Senate Bill No. 277
AN ACT concerning
Homestead Tax Credit - Eligibility - Razed Property and Substantially
Improved Property
FOR the purpose of providing that for purposes of the homestead property tax credit,
a homeowner otherwise eligible for the homestead property tax credit who does
not actually reside in a dwelling for the required period of time under certain
circumstances may continue to qualify for the credit for certain tax years;
providing that the full benefit of the credit received in the previous existing at
the commencement of a certain taxable year shall be reflected in the taxable
- 2997 -
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