MD HB969 | 2012 | Regular Session
Status
Sponsorship: Slight Partisan Bill (Republican 4-2)
Status: Introduced on February 10 2012 - 25% progression, died in committee
Action: 2012-02-15 - Hearing 3/6 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 10 2012 - 25% progression, died in committee
Action: 2012-02-15 - Hearing 3/6 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 an employer that experiences a decline in revenue and does not terminate any employees; requiring the employer to submit an application with specified information; requiring the Comptroller to approve or deny an application within 60 days after it is submitted; requiring the Comptroller to issue a credit certificate if an application is approved; providing the credit may not exceed $500 per employee or $5,000 per employer; etc.
Title
Income Tax - Credit to Businesses for Employment
Sponsors
| Sen. Pamela Beidle [D] | Sen. Adelaide Eckardt [R] | Del. Ronald George [R] | Del. Mary Love [D] |
| Del. Tony McConkey [R] | Del. Cathleen Vitale [R] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-02-15 | Hearing 3/6 at 1:00 p.m. | |
| 2012-02-10 | First Reading Ways and Means |
Subjects
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/HB0969.htm |
| Text | http://mlis.state.md.us/2012rs/bills/hb/hb0969f.pdf |
