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Ch. 297
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2000 LAWS OF MARYLAND
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FROM COAL, THE CREDIT IS 0.05 0.5 CENTS FOR EACH KILOWATT HOUR OF
ELECTRICITY PRODUCED FROM THE QUALIFIED ENERGY RESOURCE INSTEAD OF
0.85 CENTS.
(C) IF THE CREDIT ALLOWED UNDER THIS SECTION EXCEEDS THE STATE
INCOME TAX, ANY UNUSED CREDIT MAY BE CARRIED FORWARD AND APPLIED FOR
SUCCEEDING TAXABLE YEARS UNTIL THE EARLIER OF:
(1) THE FULL AMOUNT OF THE CREDIT IS USED; OR
(2) THE EXPIRATION OF THE 10TH TAXABLE YEAR AFTER THE TAXABLE
YEAR IN WHICH THE CREDIT AROSE.
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2000 and shall be applicable to all taxable years beginning after December 31,
2000 but before January 1, 2005. It shall remain effective for a period of 5 years and,
at the end of June 30, 2005, with no further action required by the General Assembly,
this Act shall be abrogated and of no further force and effect.
SECTION 4. AND BE IT FURTHER ENACTED, That the Maryland Energy
Administration, in consultation with manufacturers, retailers, and public interests
groups, shall develop voluntary labeling and public information materials to identify
products eligible for the tax incentives provided under this Act.
SECTION 5. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
be applicable to all taxable years beginning after December 31, 1999.
SECTION 6. AND BE IT FURTHER ENACTED, That Section 3 of this Act shall
be applicable to all taxable years beginning after December 31, 2000.
SECTION 7. AND BE IT FURTHER ENACTED, That this Act shall take effect
July 1, 2000.
Approved May 11, 2000.
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CHAPTER 297
(Senate Bill 673)
AN ACT concerning
Motor Coaches - Not-for-Profit Entities
FOR the purpose of requiring not-for-profit entities that own and operate certain
motor coaches to obtain a license from the Public Service Commission, with
certain exceptions; requiring certain motor coaches to be inspected on a certain
schedule in a certain manner; providing that certain motor coaches licensed
under this Act and providing only certain services are not subject to certain
tariffs and rate making; and generally relating to motor coaches and
not-for-profit entities.
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- 1746 -
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