MD SB280 | 2015 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2015 - 25% progression, died in committee
Action: 2015-02-25 - Hearing 2/25 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a qualified farm a credit, for tax years 2015 through 2017, of up to $5,000 against the State income tax; providing that the credit is equal to 50% of the value of an eligible food donation or 75% of the value of donated certified organic produce; providing that, for a fiscal year, the total amount of tax credit certificates issued may not exceed $250,000; reestablishing the Task Force to Study the Implementation of a Hub and Spoke Program in the Southern Maryland Region; etc.

Tracking Information

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Title

Income Tax Credit - Qualified Farms - Food Donation Pilot Program

Sponsors


History

DateChamberAction
2015-02-25SenateHearing 2/25 at 1:00 p.m.
2015-02-05SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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