MD HB896 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Republican 9-0)
Status: Introduced on February 8 2019 - 25% progression, died in committee
Action: 2019-02-12 - Hearing 3/08 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 8 2019 - 25% progression, died in committee
Action: 2019-02-12 - Hearing 3/08 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for certain small businesses that hire high school or college interns or apprentices under certain circumstances; providing that the credit may not exceed $7,500 for any taxable year; requiring a small business to submit certain documentation to qualify for the credit; providing that certain organizations exempt from taxation may receive the credit as a refund under certain circumstances; applying the Act to all taxable years beginning after December 31, 2018; etc.
Title
Income Tax Credit - Small Businesses - Student Interns and Apprentices
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-12 | House | Hearing 3/08 at 1:00 p.m. |
2019-02-08 | House | First Reading Ways and Means |