Bill Positions

Bill Number: SB 206

Bill Title: BRAC Community Enhancement Act

Bill Sponsor(s): The President (Admin), et al

Subject: Budget & Tax

Committee: ENV

Bill Summary: This bill would authorize the Secretary of DBED to create up to 6 BRAC incentive zones annually on the application of a county. Such zones must be in priority funding areas. A county would determine the zone tax incentives, which may include an income tax credit of up to $4,500 per new employee in the zone and an 80% property tax credit for up to 10 years (50% funded by the state) for new assessment growth in the zone. Businesses in the zone would receive priority funding for state financing programs.

History: None

Chamber Position: Support

Position Summary: The MD Chamber supports efforts to provide incentives for BRAC related jobs to locate in Maryland so that the state receives the full economic benefits related to the military base expansions.

Position Statement: Click here to download a pdf version of the Maryland Chamber's position statement.

Chamber Staff: Ronald Wineholt

General Assembly: Click here to view the bill on the Maryland General Assembly's website.