MD HB1192 | 2020 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/25 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions in the State; making the credit refundable under certain circumstances; requiring an entity to apply to the Department of Commerce to be a qualified theatrical production entity; requiring that to qualify for the credit certain estimated costs incurred in the State must exceed $100,000; applying the Act to taxable years beginning after December 31, 2019; etc.

Tracking Information

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Title

Income Tax - Theatrical Production Tax Credit

Sponsors


History

DateChamberAction
2020-02-10HouseHearing 2/25 at 1:00 p.m.
2020-02-07HouseFirst Reading Ways and Means

Same As/Similar To

SB577 (Crossfiled) 2020-02-10 - Hearing 2/19 at 1:00 p.m.

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Economic Development5109(n/a)See Bill Text
Tax - General10751(n/a)See Bill Text

Maryland State Sources


Bill Comments

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