Maryland Economic Development Act of 2014
Altering the State corporate income tax rate; allocating a portion of the corporate income tax to the Transportation Infrastructure Bank established under the Act; establishing the Transportation Infrastructure Bank; requiring that money in the Bank be held in a special, nonlapsing, revolving loan fund in the Transportation Trust Fund; specifying the contents of the Bank; requiring the money in the Bank to be used to finance specified types of transportation infrastructure projects; etc.
October 10, 2022