MD SB655 | 2023 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 6 2023 - 25% progression, died in committee
Action: 2023-02-07 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Authorizing a credit against the State income tax for the purchase of certain firearm safety devices in an amount equal to the lesser of 100% of the purchase price or $250 during the taxable year; making the credit refundable; requiring proof of purchase to be provided to the Comptroller for a firearm safety device for which an individual is claiming a credit; and applying the Act to all taxable years beginning after December 31, 2022.
Title
Income Tax - Credit for Firearm Safety Devices
Sponsors
| Sen. Jill Carter [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2023-02-07 | Senate | Hearing 3/09 at 1:00 p.m. |
| 2023-02-06 | Senate | First Reading Budget and Taxation |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 757 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0655?ys=2023RS |
| Text | https://mgaleg.maryland.gov/2023RS/bills/sb/sb0655f.pdf |
