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Ch. 448
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2000 LAWS OF MARYLAND
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the results of the study to the Senate Budget and Taxation Committee and the House
Committee on Ways and Means by December 1, [2001] 2002.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall be
applicable to all taxable years beginning after December 31, 1996 but before January
1, [2005] 2006; provided, however, that the tax credit under § 21-309 of the Education
Article, as enacted under Section 1 of this Act, shall be allowed only for employees
hired on or after October 1, 1997 but before [January] JULY 1, 2003; and provided
further that any excess credits under § 21—309 of the Education Article may be
carried forward and, subject to the limitations under § 21-309 of the Education
Article, may be applied as a credit for taxable years beginning on or after January 1,
[2005] 2006.
SECTION 6. AND BE IT FURTHER ENACTED, That, subject to the provisions
of Section 4 of this Act, this Act shall take effect October 1, 1997. It shall remain in
effect for a period of 5 years and [3] 9 months and at the end of [December 31, 2002]
JUNE 30, 2003, with no further action required by the General Assembly, this Act shall
be abrogated and of no further force and effect.
Chapter 113 of the Acts of 1997, as amended by Chapter 614 of the Acts of
1998
SECTION 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
the results of the study to the Senate Budget and Taxation Committee and the House
Committee on Ways and Means by December 1, [2001] 2002.
SECTION 4. AND BE IT FURTHER ENACTED, That this Act shall be
applicable to all taxable years beginning after December 31, 1996 but before January
1, [2005] 2006; provided, however, that the tax credit under § 21-309 of the Education
Article, as enacted under Section 1 of this Act, shall be allowed only for employees
hired on or after October 1, 1997 but before [January] JULY 1, 2003; and provided
further that any excess credits under § 21-309 of the Education Article may be
carried forward and, subject to the limitations under § 21-309 of the Education
Article, may be applied as a credit for taxable years beginning on or after January 1,
[2005] 2006.
SECTION 6. AND BE IT FURTHER ENACTED, That, subject to the provisions
of Section 4 of this Act, this Act shall take effect October 1, 1997. It shall remain in
effect for a period of 5 years and [3] 9 months and at the end of [December 31, 2002]
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- 2458 -
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