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ROBERT L. EHRLICH, JR., Governor Ch. 175
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2005.
Approved April 26, 2005.
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CHAPTER 175
(Senate Bill 794)
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AN ACT concerning
Arts and Entertainment Districts - Tax Credits Benefits
FOR the purpose of altering the definition of qualifying resident artist for the purpose
of certain tax benefits available in certain arts and entertainment districts;
altering a certain income tax subtraction modification allowed for certain
income derived within an arts and entertainment district; expanding the types
of buildings in certain arts and entertainment districts for which a property tax
credit may be granted under certain circumstances; establishing a method for
calculating certain property tax credits granted in certain arts and
entertainment districts; defining certain terms; providing for the application of
this Act; and generally relating to arts and entertainment districts and tax
benefits.
BY repealing and reenacting, with amendments,
Article 83A - Department of Business and Economic Development
Section 4-701(a)(5)
Annotated Code of Maryland
(2003 Replacement Volume and 2004 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 10-207(v)
Annotated Code of Maryland
(2004 Replacement Volume)
BY repealing and reenacting, with amendments,
Article - Tax - Property
Section 9-240
Annotated Code of Maryland
(2001 Replacement Volume and 2004 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
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- 1103 -
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