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PARRIS N. GLENDENING, Governor Ch, 507
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1. For the purpose of transporting individuals between their
residences and their places of employment; and
2. On trips where the number of employees transported
together is at least one-half of that vehicle's adult seating capacity;
(2) An instrument that:
(i) Entitles an individual, at no additional cost or at a reduced fare,
to transportation to or from a location in the State on a publicly or privately owned
mass transit system other than a taxi service; or
(ii) Is redeemable at a transit pass sales outlet for the purpose
stated in item (i) of this item; or
(3) For an employee who resides or works in the State:
(i) A cash in lieu of parking program; or
(ii) A guaranteed ride home.
(c) The credit allowed under this section may not exceed [$30] $50 per
individual employee per month.
(d) (1) The credit allowed under this section may not exceed the total tax
otherwise payable by the business entity for that taxable year, determined before the
application of the credit under this section but after the application of any other
credit.
(2) The unused amount of the credit under this section for any taxable
year may not be carried over to any other taxable year.
SECTION 2. AND BE IT FURTHER ENACTED, That:
(a) The Secretary of the Environment in consultation with the Secretary of
Transportation shall include the tax credit under § 2-901 of the Environment Article
in the State's plan for meeting the requirements of the federal Clean Air Act
Amendments of 1990.
(b) The Department of the Environment and the Department of Transportation
shall implement an extensive outreach program to market the benefits of the tax credit
under § 2-901 of the Environment Article and shall report to the General Assembly on
or before January 1, 2003, in accordance with § 2-1246 of the State Government
Article, on the implementation and effectiveness of the outreach program.
SECTION 2. 3. AND BE IT FURTHER ENACTED, That this Act shall take
effect July 1, 2002, and shall be applicable to all taxable years beginning after
December 31, 2001.
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Approved May 16, 2002.
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- 3917 -
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