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]

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.

Tracking Information

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Title

Income Tax - Credit for Opportunity Zone Employers - Formerly Incarcerated Individuals

Sponsors


History

DateChamberAction
2019-02-12HouseHearing 3/08 at 1:00 p.m.
2019-02-08HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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