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PARRIS N. GLENDENING, Governor
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Ch. 357
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Article - Tax - General
10-715.
(A) An individual or corporation may claim a credit against the State income
tax for the cost of providing commuter benefits to the business entity's employees as
provided under § 2-901 of the Environment Article.
(B) AN ORGANIZATION THAT IS EXEMPT FROM TAXATION UNDER § 501(C)(3) OR
(4) OF THE INTERNAL REVENUE CODE MAY APPLY THE CREDIT UNDER THIS SECTION
AS A CREDIT FOR THE PAYMENT TO THE COMPTROLLER OF TAXES THAT THE
ORGANIZATION:
(1) IS REQUIRED TO WITHHOLD FROM THE WAGES OF EMPLOYEES
UNDER § 10-908 OF THIS TITLE; AND
(2) IS REQUIRED TO PAY TO THE COMPTROLLER UNDER § 10-906(A) OF
THIS TITLE.
SECTION 2. AND BE IT FURTHER ENACTED, That the Maryland
Department of Transportation and Maryland Department of the Environment, in
conjunction with the Comptroller's Office, shall jointly assess the success of the
employer provided commuter benefits program established under § 2-901 of the
Environment Article in helping to achieve compliance with statewide air quality
standards, reduce traffic congestion, and increase transit ridership. The
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 § 2-1312 § 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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- 2049 -
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