MD HB982 | 2021 | Regular Session

Note: Carry Foward to future HB405

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2021 - 25% progression, died in committee
Action: 2021-02-08 - Hearing 2/25 at 1:30 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 qualified expenses paid or incurred by a taxpayer for the installation of certain mechanical insulation in a certain manner on a certain property and for which the taxpayer obtains a tax credit certificate from the Maryland Energy Administration; prohibiting the Administration from issuing tax credit certificates for credit amounts in aggregate totaling more than $5,000,000; requiring that the tax credits be issued on a first-come, first-served basis; etc.

Tracking Information

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Title

Income Tax – Mechanical Insulation Installation Tax Credit

Sponsors


History

DateChamberAction
2021-02-08HouseHearing 2/25 at 1:30 p.m.
2021-02-05HouseFirst Reading Ways and Means

Same As/Similar To

HB982 (Carry Over) 2021-02-08 - Hearing 2/25 at 1:30 p.m.
SB738 (Crossfiled) 2021-02-19 - Hearing 2/24 at 12:00 p.m.

Subjects


Code Citations

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

Maryland State Sources


Bill Comments

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