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PARRIS N. GLENDENING, Governor
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Ch. 356
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CHAPTER 356
(House Bill 310)
AN ACT concerning
Commuter Benefits Act of 2000
FOR the purpose of allowing a credit against the State income tax, financial
institution franchise tax, and insurance premiums tax for certain employer
costs of providing employees a cash in lieu of parking program or a guaranteed
ride home; allowing certain tax-exempt organizations to apply certain tax
credits allowed for certain employer-provided commuter benefits as a credit
against the payment of certain taxes required to be withheld from the wages of
employees and required to be paid to the Comptroller; clarifying certain
language; defining certain terms; requiring that a certain report be submitted
by a certain date; providing for the application of this Act; and generally relating
to certain tax credits for certain employer-provided commuter benefits.
BY repealing and reenacting, with amendments,
Article - Environment
Section 2-901
Annotated Code of Maryland
(1996 Replacement Volume and 1999 Supplement)
BY repealing and reenacting, with amendments,
Article - Tax - General
Section 10-715
Annotated Code of Maryland
(1997 Replacement Volume and 1999 Supplement)
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF
MARYLAND, That the Laws of Maryland read as follows:
Article - Environment
2-901.
(a) In this section the following words have the meanings indicated.
(1) "Business entity" means:
(i) A person conducting or operating a trade or business in
Maryland; or
(ii) An organization operating in Maryland that is exempt from
taxation under § 501(c)(3) or (4) of the Internal Revenue Code.
(2) "CASH IN LIEU OF PARKING PROGRAM" MEANS AN
EMPLOYER-FUNDED PROGRAM UNDER WHICH AN EMPLOYER OFFERS TO PROVIDE A
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- 2043 -
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