MD HB918 | 2019 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
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 certain employers operating in an opportunity zone in the State a credit against the Maryland income tax if the employer hires a formerly incarcerated individual during the taxable year; establishing the amount of the credit as $1,000 per qualified employee; prohibiting an employer from claiming the credit under certain circumstances; prohibiting the carryforward of the credit; making the credit refundable for certain tax exempt employers; applying the Act to taxable years beginning after December 31, 2018; etc.
Title
Income Tax - Credit for Opportunity Zone Employers - Formerly Incarcerated Individuals
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 |