MD SB507 | 2019 | Regular Session
Status
Spectrum: Slight Partisan Bill (Republican 9-3)
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 4 2019 - 25% progression, died in committee
Action: 2019-02-28 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation 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 pass-through entity or a married couple filing jointly; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; requiring the Department of Commerce to administer the credit; applying the Act to certain taxable years beginning after December 31, 2018; etc.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
History
Date | Chamber | Action |
---|---|---|
2019-02-28 | Senate | Hearing 3/13 at 1:00 p.m. |
2019-02-28 | Senate | Hearing canceled |
2019-02-06 | Senate | Hearing 3/06 at 1:00 p.m. |
2019-02-04 | Senate | First Reading Budget and Taxation |
Subjects
Commerce and Business
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Reports
Spouses
Sunset
Tax Credits
Taxes - Income
Time
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Reports
Spouses
Sunset
Tax Credits
Taxes - Income
Time