MD HB886 | 2019 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Democrat 12-2)
Status: Introduced on February 8 2019 - 25% progression
Action: 2019-02-11 - Hearing 2/27 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 a certain percentage of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; applying the Act to certain taxable years beginning after December 31, 2018; etc.

Tracking Information

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Title

Income Tax - Angel Investor Tax Credit Program

Sponsors


History

DateChamberAction
2019-02-11HouseHearing 2/27 at 1:00 p.m.
2019-02-08HouseFirst Reading Ways and Means

Subjects


Maryland State Sources


Bill Comments

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