MD HB490 | 2017 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 13-0)
Status: Engrossed on April 10 2017 - 50% progression, died in committee
Action: 2017-04-10 - Rereferred to Budget and Taxation
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Allowing a credit against the State income tax for the total installed costs paid or incurred by a taxpayer that installs an energy storage system and who obtains a tax credit certificate from the Maryland Energy Administration; requiring the Administration to issue tax credits not to exceed specified amounts; prohibiting the Administration from issuing an aggregate amount of tax credit certificates exceeding $750,000 in a taxable year; applying the Act to all taxable years beginning after December 31, 2017; etc.

Tracking Information

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Title

Income Tax Credit - Energy Storage Systems

Sponsors


Roll Calls

2017-04-02 - House - House Floor - Third Reading Passed (137-3) (Y: 137 N: 3 NV: 1 Abs: 0) [PASS]

History

DateChamberAction
2017-04-10SenateRereferred to Budget and Taxation
2017-04-10SenateFirst Reading Senate Rules
2017-04-10HouseThird Reading Passed (137-3)
2017-04-08HouseSecond Reading Passed with Amendments
2017-04-08HouseFavorable with Amendments {825669/1 Report Adopted
2017-04-08HouseFavorable with Amendments Report by Ways and Means
2017-02-23HouseHearing 2/23 at 1:00 p.m.
2017-01-27HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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