MD SB597 | 2022 | Regular Session
Note: Carry Over of previous SB171
Status
Completed Legislative Action
Spectrum: Slight Partisan Bill (Democrat 9-4)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 259
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Slight Partisan Bill (Democrat 9-4)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 259
Text: Latest bill text (Chaptered) [PDF]
Summary
Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions within the State; making the credit refundable under certain circumstances; requiring the Department of Commerce to administer the credit; and prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $5,000,000 in any fiscal year.
Title
Income Tax - Theatrical Production Tax Credit
Sponsors
Roll Calls
2022-04-11 - House - Third Reading Passed (Y: 118 N: 12 NV: 6 Abs: 5) [PASS]
2022-03-31 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 1 Abs: 0) [PASS]
2022-03-31 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 1 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-12 | Senate | Approved by the Governor - Chapter 259 |
| 2022-04-11 | Senate | Returned Passed |
| 2022-04-11 | House | Third Reading Passed (118-12) |
| 2022-04-08 | House | Favorable Adopted Second Reading Passed |
| 2022-04-07 | House | Favorable Report by Ways and Means |
| 2022-04-07 | House | Rereferred to Ways and Means |
| 2022-04-01 | House | Referred Rules and Executive Nominations |
| 2022-03-31 | Senate | Third Reading Passed (46-0) |
| 2022-03-31 | Senate | Second Reading Passed with Amendments |
| 2022-03-31 | Senate | Favorable with Amendments {193028/1 Adopted |
| 2022-03-31 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2022-02-03 | Senate | Hearing 2/23 at 1:00 p.m. |
| 2022-02-02 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB641 (Crossfiled) 2022-05-12 - Approved by the Governor - Chapter 258
SB171 (Carry Over) 2021-01-18 - Hearing 1/27 at 1:00 p.m.
SB171 (Carry Over) 2021-01-18 - Hearing 1/27 at 1:00 p.m.
Subjects
Advertising
Art, Music, and Cultural Affairs
Commerce and Business
Commerce, Department of
Comptroller
Construction
Equipment
Forms
Income Tax
Leases and Rent
Rules and Regulations
Salaries and Compensation
Sunset
Tax Credits
Taxes - Income
Theaters
Work, Labor, and Employment
Art, Music, and Cultural Affairs
Commerce and Business
Commerce, Department of
Comptroller
Construction
Equipment
Forms
Income Tax
Leases and Rent
Rules and Regulations
Salaries and Compensation
Sunset
Tax Credits
Taxes - Income
Theaters
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Economic Development | 5 | 109 | (n/a) | See Bill Text |
| Tax - General | 10 | 754 | (n/a) | See Bill Text |
