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PARRIS N. GLENDENING, Governor
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Ch. 448
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Chapter 379 of the Acts of 1996, as amended by Chapters 14 and 70 of the Acts
of 1997 and Chapters 508 and 599 of the Acts of 1998 and Chapter 34 of the
Acts of 1999
SECTION 6. AND BE IT FURTHER ENACTED, That this Act shall remain in
effect [for a period of 5 years and at the end of June 30, 2001,] ONLY UNTIL THE
EXPIRATION OF CHAPTER 492 OF THE ACTS OF 1995, AS AMENDED, AND WHEN
CHAPTER 492 OF THE ACTS OF 1995, AS AMENDED, TERMINATES AND BECOMES OF NO
FURTHER FORCE AND EFFECT, with no further action required by the General
Assembly, this Act shall be abrogated and of no further force and effect.
Chapter 626 of the Acts of 1996, as amended by Chapter 14 of the Acts of 1997
and Chapter 730 of the Acts of 1998
SECTION 4. AND BE IT FURTHER ENACTED, That Section 2 of this Act shall
be applicable to all taxable years beginning after December 31, 1995 to which
Chapter 492 of the Acts of 1995, as amended, are applicable; provided however, that:
(1) The tax credits allowed under Section 2 of this Act shall be allowed only for
employees hired during the period specified in Chapter 492 of the Acts of 1995, as
amended; and
(2) Any excess credits may be carried forward and, subject to the limitations of
Article 88A, § 54(f) of the Code, may be applied as a credit for later taxable years as
provided in Chapter 492 of the Acts of 1995, as amended.
Chapter 626 of the Acts of 1996, as amended by Chapter 730 of the Acts of
1998
SECTIONS. AND BE IT FURTHER ENACTED, That, subject to Section 4 of
this Act, Section 2 of this Act shall remain in effect only until the expiration of
Chapter 492 of the Acts of 1995, as amended, and, when Chapter 492 of the Acts of
1995, as amended, terminates and becomes of no further force and effect, with no
further action required by the General Assembly, Section 2 of this Act shall be
abrogated and of no further force and effect.
Chapter 112 of the Acts of 1997, as amended by Chapter 614 of the Acts of
1998
SECTION1 3. AND BE IT FURTHER ENACTED, That the Department of
Legislative Services, based on information provided by and in consultation with the
Department of Education, the Governor's Office for Individuals with Disabilities, the
Developmental Disabilities Administration, the Department of Assessments and
Taxation, and the Comptroller, shall conduct a study of the efficacy and effectiveness
of the tax credit program established under Section 1 of this Act in increasing the
employment and prospects for 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, the 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. The Department shall complete and present
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- 2457 -
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