Maryland Senate Approves Amazon Incentive Bill - WBOC-TV 16, Delmarvas News Leader, FOX 21 -

Maryland Senate Approves Amazon Incentive Bill

Posted: Mar 20, 2018 7:36 AM Updated:
(Photo: AP) (Photo: AP)

ANNAPOLIS, Md. (AP)- A $5.6 billion package of tax incentives to try to lure Amazon's second headquarters to Maryland passed the Senate on Monday night.

Senators voted 35-11 for the bill, just before the General Assembly reached its crossover deadline. That's when lawmakers aim to have a bill pass one of the two houses as the 90-day session reaches its last three weeks.

The Amazon measure includes a package of state income, property and sales tax credits. The three main components of the legislation include a tax credit on wages paid, sales and use tax breaks for building the headquarters and a tax break on increases in property value.

Maryland budget analysts estimate the inducements would add up to roughly $5.6 billion through 2054. The state also is considering about $2 billion in transportation enhancements.

Supporters say Amazon would have to create 40,000 jobs at an average salary of $100,000 to be eligible. That means the company would pay wages of $4 billion, in addition to the $4.5 billion it's estimated the cost of a new plant and equipment would be.

The measure, pitched by Gov. Larry Hogan, would not take effect, if Amazon decides against putting the new headquarters in Maryland. Montgomery County, Maryland, is one of 20 cities and regions that made Amazon's shortlist. Amazon's search for its second headquarters location has triggered an unprecedented competition among governments around North America.

The bill would still need to pass the House of Delegates to get to Hogan's desk.

Here's a look at other measures lawmakers voted on Monday:

SEXUAL HARASSMENT

The House approved a measure to strengthen the General Assembly's policies regarding sexual harassment. It would allow the assembly's Joint Ethics Committee to refer sexual harassment complaints to an independent investigator. It would require an investigator at the request of a complainant. It also would prohibit a registered lobbyist from harassing other lobbyists, legislators, employees of the executive and legislative branches, as well as interns or pages. It now goes to the Senate.

SCHOOLS FUNDING

The Senate voted unanimously for a constitutional amendment to require that taxes on casino revenue set aside for schools would have to be used to enhance education funding above state formulas. Voters would need to approve of the changes on the ballot in November. The bill now goes to the House. Hundreds of teachers were scheduled to hold a rally outside the statehouse Monday evening.

HEALTH CARE

Measures to help avoid collapse of the Maryland Health Care Exchange's distressed individual market were scheduled for votes in the House and Senate. The House approved the legislation Monday afternoon, and the Senate is scheduled to vote on them Monday night. The measures would use about $340 million that health insurance companies and managed care organizations won't have to pay in taxes due to the federal tax overhaul to keep costs down over the next year and create a pathway to a long-term solution through reinsurance, which protects insurers against very high claims.

  • Delmarvawide NewsDelmarvawide NewsMore>>

  • Hogan Endorsed by 2 Local Unions

    Hogan Endorsed by 2 Local Unions

    Thursday, September 20 2018 8:06 AM EDT2018-09-20 12:06:54 GMT
    Thursday, September 20 2018 8:06 AM EDT2018-09-20 12:06:54 GMT
    Maryland Gov. Larry Hogan (Photo credit: Larry Hogan Facebook page)Maryland Gov. Larry Hogan (Photo credit: Larry Hogan Facebook page)
    Maryland Gov. Larry Hogan (Photo credit: Larry Hogan Facebook page)Maryland Gov. Larry Hogan (Photo credit: Larry Hogan Facebook page)
    Maryland Gov. Larry Hogan is showcasing a pair of endorsements from two local labor unions.More
    Maryland Gov. Larry Hogan is showcasing a pair of endorsements from two local labor unions.           More
  • Ocean City Brings Back Special Events Zone

    Ocean City Brings Back Special Events Zone

    Wednesday, September 19 2018 8:51 PM EDT2018-09-20 00:51:00 GMT
    Thursday, September 20 2018 7:54 AM EDT2018-09-20 11:54:34 GMT
    (Photo: WBOC)(Photo: WBOC)
    (Photo: WBOC)(Photo: WBOC)
    Ocean City on Wednesday held its fourth task force meeting for motor events in the resort town.More
    Ocean City on Wednesday held its fourth task force meeting for motor events in the resort town.More
  • Buoy Washes Ashore at Kent County Beach

    Buoy Washes Ashore at Kent County Beach

    Wednesday, September 19 2018 8:00 PM EDT2018-09-20 00:00:00 GMT
    Thursday, September 20 2018 7:46 AM EDT2018-09-20 11:46:48 GMT
    Like many recent visitors to Woodland Beach, Delaware, Christy Raughley was surprised to find a big green buoy sitting on the coast of the small Kent County community.More
    Like many recent visitors to Woodland Beach, Delaware, Christy Raughley was surprised to find a big green buoy sitting on the coast of the small Kent County community. More
  • Most Popular StoriesMost Popular StoriesMore>>

  • Tangier Island Grabs International Attention

    Tangier Island Grabs International Attention

    Wednesday, September 19 2018 5:41 PM EDT2018-09-19 21:41:00 GMT
    Thursday, September 20 2018 7:33 AM EDT2018-09-20 11:33:51 GMT
    Aerial view of Tangier Island from Chopper 16.Aerial view of Tangier Island from Chopper 16.
    Aerial view of Tangier Island from Chopper 16.Aerial view of Tangier Island from Chopper 16.
    A small Accomack County island is in the global spotlight, thanks to erosion concerns and a phone call from the president. Tangier Island has seen an influx of visitors from South America, Europe, Russia and beyond.More
    A small Accomack County island is in the global spotlight, thanks to erosion concerns and a phone call from the president. Tangier Island has seen an influx of visitors from South America, Europe, Russia and beyond. More
  • DSP: Two Sussex County Men Facing Assault Charges

    DSP: Two Sussex County Men Facing Assault Charges

    Wednesday, September 19 2018 9:24 PM EDT2018-09-20 01:24:00 GMT
    Thursday, September 20 2018 7:29 AM EDT2018-09-20 11:29:26 GMT
    (L) Michael R. Milligan (R) Raymond M. Hitchens(L) Michael R. Milligan (R) Raymond M. Hitchens
    (L) Michael R. Milligan (R) Raymond M. Hitchens(L) Michael R. Milligan (R) Raymond M. Hitchens
    Delaware State Police said two Georgetown men were arrested on assault charges after they tried to repossess someone's car and sprayed him with mace.More
    Delaware State Police said two Georgetown men were arrested on assault charges after they tried to repossess someone's car and sprayed him with mace. More
  • Buoy Washes Ashore at Kent County Beach

    Buoy Washes Ashore at Kent County Beach

    Wednesday, September 19 2018 8:00 PM EDT2018-09-20 00:00:00 GMT
    Thursday, September 20 2018 7:46 AM EDT2018-09-20 11:46:48 GMT
    Like many recent visitors to Woodland Beach, Delaware, Christy Raughley was surprised to find a big green buoy sitting on the coast of the small Kent County community.More
    Like many recent visitors to Woodland Beach, Delaware, Christy Raughley was surprised to find a big green buoy sitting on the coast of the small Kent County community. More
  • Most Popular VideosMost Popular VideosMore>>

  • Tangier Island Grabs International Attention

    Tangier Island Grabs International Attention

    A small Accomack County island is in the global spotlight, thanks to erosion concerns and a phone call from the President.

    Tangier Island has seen an influx of visitors from South America, Europe, Russia and beyond. Peaking the interest of film crews, journalists, and writers from around the world. In the past year, the mayor of Tangier Island, Ooker Eskridge, said crews from 22 different countries have paid his town a visit.

    More

    A small Accomack County island is in the global spotlight, thanks to erosion concerns and a phone call from the president. Tangier Island has seen an influx of visitors from South America, Europe, Russia and beyond. 

    More
  • Buoy Washes Ashore at Kent County Beach

    Buoy Washes Ashore at Kent County Beach

    Recent visitors to Woodland Beach were surprised to find a big green buoy sitting on the coast of the small Kent County community.

    The buoy started cropping up in photos posted to social media last week, shortly after the remnants of Hurricane Gordon caused big high tides that may have dragged the naval guide to the beach.

    More

    Recent visitors to Woodland Beach were surprised to find a big green buoy sitting on the coast of the small Kent County community.

    The buoy started cropping up in photos posted to social media last week, shortly after the remnants of Hurricane Gordon caused big high tides that may have dragged the naval guide to the beach.

    More
  • Ocean City Brings Back Special Events Zone

    Ocean City Brings Back Special Events Zone

    Ocean City held its fourth task force meeting for the motor events, Wednesday afternoon.
    During the meeting, Ocean City Police Chief, Ross Buzzuro, unveiled his safety plans for some of the upcoming car events including H2Oi.
    The unsanctioned event has relocated to Atlantic City, but the chief still expects a large crowd. 
    More
    Ocean City held its fourth task force meeting for the motor events, Wednesday afternoon.
    During the meeting, Ocean City Police Chief, Ross Buzzuro, unveiled his safety plans for some of the upcoming car events including H2Oi.
    The unsanctioned event has relocated to Atlantic City, but the chief still expects a large crowd. 
    More
Powered by Frankly

All content © Copyright 2000 - 2018 WBOC. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices