MD SB380 | 2018 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 15-0)
Status: Engrossed on February 22 2018 - 50% progression, died in committee
Action: 2018-03-21 - Hearing 3/21 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Allowing certain employers employing certain interns a credit against the State income tax, which may not exceed $1,000 for each eligible intern or 10% of the wages paid to each eligible intern, subject to certain limitations; requiring a certain employer to enter into a certain agreement with a certain higher education institution; providing that not more than $300,000 in tax credit certificates may be issued in any taxable year; requiring a report by the Comptroller on utilization of the tax credit by July 1, 2021; etc.

Tracking Information

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Title

Income Tax Credit - Employers - Eligible Internships

Sponsors


Roll Calls

2018-02-22 - Senate - Senate Floor - Third Reading Passed (44-0) (Y: 45 N: 1 NV: 2 Abs: 4) [PASS]

History

DateChamberAction
2018-03-21HouseHearing 3/21 at 1:00 p.m.
2018-02-23HouseFirst Reading Ways and Means
2018-02-22SenateThird Reading Passed (44-0)
2018-02-20SenateSecond Reading Passed
2018-02-20SenateFavorable Report Adopted
2018-02-19SenateFavorable Report by Budget and Taxation
2018-02-14SenateHearing 2/14 at 1:00 p.m.
2018-01-25SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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