MD HB46 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 28-1)
Status: Introduced on January 11 2019 - 25% progression, died in committee
Action: 2019-02-12 - Hearing 3/06 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 11 2019 - 25% progression, died in committee
Action: 2019-02-12 - Hearing 3/06 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering the definition of "qualified employee" to include certain individuals who are provided certain paid parental leave for purposes of a credit against the State income tax for certain small businesses that provide certain employer benefits to certain qualified employees; altering the calculation of the credit; increasing, from $5,000,000 to $10,000,000, the total amount of tax credit certificates that may be issued by the Department of Commerce for each taxable year; applying the Act to all taxable years beginning after December 31, 2018; etc.
Title
Small Business Relief Tax Credit - Expansion
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-12 | House | Hearing 3/06 at 1:00 p.m. |
2019-01-11 | House | First Reading Ways and Means |
Subjects
Commerce, Department of
Income Tax
Leave
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Work, Labor and Employment
Income Tax
Leave
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Work, Labor and Employment