MD SB881 | 2021 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-11 - Hearing 3/03 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2021 - 25% progression, died in committee
Action: 2021-02-11 - Hearing 3/03 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing certain employers to claim a credit against the State income tax in a certain amount for certain wages paid to certain individuals with barriers to employment; providing that the credit may not exceed 100% of the Federal Work Opportunity Credit claimed by an employer on the employer's federal income tax return, or the State income tax imposed for that taxable year, and may not be carried over to any other taxable year; and applying the Act to taxable years beginning after December 31, 2020.
Title
Income Tax - Work Opportunity Tax Credit
Sponsors
| Sen. Guy Guzzone [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2021-02-11 | Senate | Hearing 3/03 at 1:00 p.m. |
| 2021-02-09 | Senate | First Reading Budget and Taxation |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 751 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0881?ys=2021RS |
| Text | https://mgaleg.maryland.gov/2021RS/bills/sb/sb0881f.pdf |
