| Bill Information | |
|---|---|
| MC 13-12 | Montgomery County – Property Tax Credit – Benefit Corporations and Benefit Limited Liability Companies |
| Sponsor | Chair on behalf of Montgomery County Executive |
| Synopsis | For the purpose of authorizing the governing body of Montgomery County to grant, by law, a tax credit against the county property tax imposed on certain property owned or leased by certain benefit corporations or benefit limited liability companies; authorizing the governing body of Montgomery County to provide, by law, for eligibility and certification criteria for the credit, the amount and duration of the credit, certain regulations and procedures for the credit, limited amount of the tax credit granted, and any other provision necessary to carry out the credit; defining certain terms; providing for the application of this Act; and generally relating to a property tax credit in Montgomery County for certain benefit corporations and benefit limited liability companies. |
| Bill Text | Read bill in pdf here |
| House Bill Number | HB 726 |
| Bill History | |
| Local Action House: | 12/5/11 - Montgomery County House Delegation Local Bill Hearing - 3rd Floor Hearing Room, Stella Werner Council Office Building, Rockville 7:00 p.m. |
| 1/5/12 - Assigned to the County Affairs Committee | |
| 1/30/12 - County Affairs Committee Meeting - AGENDA - Favorable (6-0) - Voting list | |
2/3/12 - Montgomery County House Delegation Meeting - AGENDA - Favorable (20-0) - Voting list Bill moves to the Montgomery County Senate Delegation & House Ways & Means Committee |
|
| Local Action Senate: | 2/16/12 - Montgomery County Senate Delegation Meeting - AGENDA - Favorable (5-0) - Bill Report |
| House Action: | 2/8/12 - First Reading Ways & Means Committee |
| 2/28/12 - Public Hearing - Ways & Means Committee - 1:00 p.m. | |
| 3/22/12 - Favorable Report by Ways & Means Committee | |
3/20/12 - Favorable Report Adopted Second Reading Passed |
|
| 3/22/12 - Third Reading Passed (138-0) | |
| 3/30/12 - Returned Passed | |
| Senate Action: | 3/22/12 - First Reading Budget and Taxation Committee |
| 3/29/12 - Public Hearing - Budget and Taxation Committee - 1:30 p.m. | |
| 4/2/12 - Favorable Report by Budget and Taxation Committee | |
3/27/12 - Favorable Report Adopted Second Reading Passed |
|
| 3/28/12 - Third Reading Passed (44-0) | |
| Action After Passage: | 4/10/12 - Approved by the Governor Chapter 135 |
