MD HB1294 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-02-09 - Hearing 2/29 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 9 2024 - 25% progression
Action: 2024-02-09 - Hearing 2/29 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibiting the Secretary of Commerce from issuing a tax credit certificate for the purchase of certain cybersecurity technologies or services for a taxable year beginning after December 31, 2023; altering the definition of "digital product" under the State sales and use tax to include certain artificial intelligence tools; allowing a credit against the State income tax for costs paid or incurred by a qualified buyer for certain artificial intelligence tools; etc.
Title
Artificial Intelligence Tools - Income Tax Credit and Sales and Use Tax
Sponsors
History
Date | Chamber | Action |
---|---|---|
2024-02-09 | House | Hearing 2/29 at 1:00 p.m. |
2024-02-09 | House | First Reading Ways and Means |
Subjects
Artificial Intelligence
Commerce, Department of
Cybersecurity
Electronic Commerce
Income Tax
Reports
Rules and Regulations
Sales and Use Tax
Sunset
Tax Credits
Tax Returns
Taxes - Income
Taxes - Sales and Use
Commerce, Department of
Cybersecurity
Electronic Commerce
Income Tax
Reports
Rules and Regulations
Sales and Use Tax
Sunset
Tax Credits
Tax Returns
Taxes - Income
Taxes - Sales and Use
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 733.1 | (n/a) | See Bill Text |
Tax - General | 10 | 758 | (n/a) | See Bill Text |
Tax - General | 11 | 101 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1294?ys=2024RS |
Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1294f.pdf |