Maryland House Bill 1384 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 12 2014 - 25% progression, died in chamber
Action: 2014-03-14 - Unfavorable Report by Ways and Means; Withdrawn
Text: Latest bill text (Introduced) [PDF]

Allowing an individual a credit against the State income tax equal to the amount by which the tax, when applying a specified effective tax rate, on the individual's distributive share of pass-through entity income exceeds the tax on the individual's distributive share of pass-through entity income when applying a tax rate of 2.875%; providing that an individual may not claim the credit if the individual's effective tax rate is less than 2.875%; and applying the Act to taxable years beginning after December 31, 2013.

Income Tax Credit - Pass-Through Entities

Sen. Gail Bates [R]

Date	Chamber	Action
2014-03-14	House	Unfavorable Report by Ways and Means; Withdrawn
2014-03-10	House	Hearing cancelled
2014-03-11	House	Hearing 3/11 at 1:00 p.m.
2014-02-24	House	Rereferred to Ways and Means
2014-02-12	House	First Reading House Rules and Executive Nominations

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1384?ys=2014rs
Text	https://mgaleg.maryland.gov/2014RS/bills/hb/hb1384f.pdf
Supplement	https://mgaleg.maryland.gov/2014RS/fnotes/bil_0004/hb1384.pdf
Supplement	https://mgaleg.maryland.gov/2014RS/votes_comm/hb1384_w&m.pdf