MD HB1198 | 2020 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Republican 6-1)
Status: Introduced on February 7 2020 - 25% progression
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.

Tracking Information

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Title

Income Tax Credit - Small Businesses - Student Interns

Sponsors


History

DateChamberAction
2020-02-10HouseHearing 3/05 at 1:00 p.m.
2020-02-07HouseFirst Reading Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10751(n/a)See Bill Text

Maryland State Sources


Bill Comments

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