MD HB1198 | 2020 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 3/05 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 7 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 3/05 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; establishing that a business may not claim the credit for more than three interns or apprentices; providing that the credit may not exceed the lesser of $2,500 for each intern or apprentice or the State income tax imposed for that taxable year; requiring a small business to submit certain documentation to qualify for the credit; etc.
Title
Income Tax Credit - Small Businesses - Student Interns
Sponsors
Del. April Rose [R] | Del. Darryl Barnes [D] | Del. Wendell Beitzel [R] | Del. Jason Buckel [R] |
Sen. Mike McKay [R] | Del. Haven Shoemaker [R] | Del. William Wivell [R] |
History
Date | Chamber | Action |
---|---|---|
2020-02-10 | House | Hearing 3/05 at 1:00 p.m. |
2020-02-07 | House | First Reading Ways and Means |
Subjects
Apprentices
Income Tax
Job Training
Nonprofit Organizations
Records
Small Business
Students
Tax Credits
Taxes - Income
Time
Income Tax
Job Training
Nonprofit Organizations
Records
Small Business
Students
Tax Credits
Taxes - Income
Time
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/HB1198?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/hb/hb1198f.pdf |