PARRIS N. GLENDENING, Governor

Ch. 493

self-sufficiency of the target population, including an analysis of the profile of employers
having taken advantage of these tax credits in hiring new employees, cost effectiveness of
the subsidy in reaching State goals, and the appropriateness of the level of the tax credits.
The study shall also include an analysis of the potential effectiveness of the program based on
varying the size, duration, and structure of the subsidy, which analysis may be performed by
selecting, after consultation with the business community, a sample group designated by
political jurisdiction, by industry, or by specific employer. The study shall also include an
analysis of the potential effectiveness of the program based on varying the size of the
subsidy by up to a 50% increase, which analysis may be performed by selecting, after
consultation with the business community, a sample group designated by political
jurisdiction, by industry, or by specific employer. The Department of Fiscal Services
Department of Human Resources and the Department of Economic and Employment
Development Fiscal Services shall complete and present the results of the study to the
Senate Budget and Taxation Committee and the House Committee on Ways and Means
by December 1, 1997.

SECTION 3. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 1995, and shall be applicable to all taxable years beginning after December 31,
1994 but before January 1, 2002; provided, however, that the tax credit under § 10-702.1
of the Tax—General Article Article 88A, § 56 of the Code, as enacted under Section 1 of
this Act, shall be allowed only for employees hired on or after June 1, 1995 but before
May 31 June 30,1998; and provided further that any excess credits under § 10-702.1 of the
Tax—General Article Article 88A, § 56 of the Code may be carried forward and, subject to
the limitations under § 10-702.1(f) Article 88A, § 56 of the Code, may be applied as a
credit against the State income tax for taxable years beginning on or after January 1, 2002.
Except as otherwise provided in this Section, this Act shall remain in effect for a period
of 3 years and at the end of May 31 June 30, 1998, with no further action required by the
General Assembly, this Act shall be abrogated and of no further force and effect.

Approved May 25, 1995.

CHAPTER 493

(Senate Bill 342)

AN ACT concerning

Vehicle Laws - Maximum Speed Limit and Enforcement

FOR the purpose of authorizing the State Highway Administration to increase, to the
extent authorized by federal law, the maximum speed at which a person may
lawfully drive a vehicle on certain interstate highways or expressways; prohibiting
the use of certain equipment on motor vehicles; providing for the transport of
certain equipment in motor vehicles; providing for an increase in certain fines for
certain violations of the motor vehicle law; providing for the increase in the number
of points assessed for certain violations of the motor vehicle law; clarifying
language; defining certain terms; making certain stylistic changes; declaring the
intent of the General Assembly; and generally relating to increasing the maximum

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