MD SB66 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-06 - Hearing 1/15 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2020 - 25% progression, died in committee
Action: 2020-01-06 - Hearing 1/15 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 certain wages paid by certain small businesses during the taxable year to certain minimum wage employees under certain circumstances; requiring the Maryland Department of Labor, on application by a small business, to issue a tax credit certificate in a certain amount; requiring the Department to report to the Comptroller, on or before January 31 each year, on the tax credit certificates issued; requiring the Department and the Comptroller to adopt certain regulations; etc.
Title
Income Tax - Credit for Small Businesses - State Minimum Wage Increase
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-01-06 | Senate | Hearing 1/15 at 1:00 p.m. |
2020-01-08 | Senate | First Reading Budget and Taxation |
2019-10-30 | Senate | Pre-filed |
Subjects
Comptroller
Income Tax
Labor, Department of
Notices
Reports
Rules and Regulations
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Income Tax
Labor, Department of
Notices
Reports
Rules and Regulations
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 751 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0066?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0066f.pdf |