State Income and Property Tax Credits – Purple Line Construction Zone
What this bill does
Allowing certain businesses impacted by the construction of the Purple Line light rail project in Montgomery County and Prince George's County a credit against the State income tax and State property tax; requiring the Department of Transportation, in consultation with the Comptroller, to determine the amount of the income tax credit; requiring the Department to certify a business entity as a qualified business if the business entity can establish loss of business income at a property in the area impacted by the construction; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.