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Ch. 357 2000 LAWS OF MARYLAND
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Comptroller's Office shall assess the impact of the tax credit program on the General
Fund and provide an estimate of the number of employers participating in the
program. Subject to § 2-1246 of the State Government Article, a consolidated report of
all findings shall be submitted to the General Assembly on or before December 1,
2005. The report shall include all information of value to the General Assembly in
determining the effectiveness of the program and whether it is appropriate for the
General Fund to be reimbursed by the Transportation Trust Fund for the costs of the
program. The information shall include baseline data relative to: (1) employers
providing commuter benefits of the type for which a tax credit may be provided; (2)
vehicle miles traveled; (3) mass transit ridership; and (4) ozone and carbon monoxide
levels in attainment and nonattainment areas.
SECTION 2. 3. 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.
Approved May 11, 2000.
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CHAPTER 357
(Senate Bill 244)
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
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- 2046 -
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