Maryland Senate Bill 498 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 7-0)
Status: Introduced on January 31 2013 - 25% progression, died in chamber
Action: 2013-03-07 - Unfavorable Report by Budget and Taxation Withdrawn
Text: Latest bill text (Introduced) [PDF]

Providing a subtraction modification under the Maryland income tax for income related to the qualifying sale of a business enterprise that results in the creation of a specified business enterprise owned and controlled by specified individuals; allowing investors in specified business enterprises to claim a credit against the State income tax for specified investments; providing for the recapture of the subtraction modification and tax credit under specified circumstances; applying the Act to tax years beginning after December 31, 2012; etc.

Income Tax - Subtraction Modification and Credit - Creation of a Qualifying Business Enterprise

Sen. Catherine Pugh [D]	Sen. Joanne Benson [D]	Sen. Joan Conway [D]	Sen. Jennie Forehand [D]
Sen. Robert Garagiola [D]	Sen. Verna Jones-Rodwell [D]	Sen. Nathaniel McFadden [D]

Date	Chamber	Action
2013-03-07	Senate	Unfavorable Report by Budget and Taxation Withdrawn
2013-02-28	Senate	Hearing cancelled
2013-03-06	Senate	Hearing 3/06 at 1:00 p.m.
2013-01-31	Senate	First Reading Budget and Taxation

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0498?ys=2013rs
Text	https://mgaleg.maryland.gov/2013RS/bills/sb/sb0498f.pdf
Supplement	https://mgaleg.maryland.gov/2013RS/fnotes/bil_0008/sb0498.pdf