Maryland Senate Bill 721 (Prior Session Legislation)

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Completed Legislative Action
Spectrum: Committee Bill
Status: Passed on May 8 2023 - 100% progression
Action: 2023-05-08 - Approved by the Governor - Chapter 438
Text: Latest bill text (Chaptered) [PDF]

Reestablishing a time period of taxable years from December 21, 2022, to January 1, 2028, for a credit against the Maryland income tax for certain costs incurred by employers to obtain federal security clearances for employees, rent certain spaces, and construct or renovate certain sensitive compartmented information facilities in the State; limiting eligibility for the income tax credit to individuals or corporations that employ not more than 500 employees; and applying the Act to taxable years beginning after December 31, 2022.

Income Tax - Credit for Federal Security Clearance Costs - Alterations

Senate Budget and Taxation Committee

2023-04-10 - House - Third Reading Passed (Y: 131 N: 5 NV: 4 Abs: 0) [PASS]
2023-03-20 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

Date	Chamber	Action
2023-05-08	Senate	Approved by the Governor - Chapter 438
2023-04-10	Senate	Returned Passed
2023-04-10	House	Third Reading Passed (131-5)
2023-04-08	House	Favorable Adopted Second Reading Passed
2023-04-08	House	Favorable Report by Ways and Means
2023-03-21	House	Hearing 3/30 at 1:00 p.m.
2023-03-21	House	Referred Ways and Means
2023-03-20	Senate	Third Reading Passed (46-0)
2023-03-20	Senate	Second Reading Passed with Amendments
2023-03-20	Senate	Favorable with Amendments {523521/1 Adopted
2023-03-20	Senate	Favorable with Amendments Report by Budget and Taxation
2023-02-07	Senate	Hearing 3/07 at 1:00 p.m.
2023-02-06	Senate	First Reading Budget and Taxation

Chapter	Article	Section	Citation Type	Statute Text
Tax - General	10	732	(n/a)	See Bill Text

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0721?ys=2023RS
Text	https://mgaleg.maryland.gov/2023RS/bills/sb/sb0721f.pdf
Text	https://mgaleg.maryland.gov/2023RS/bills/sb/sb0721t.pdf
Text	https://mgaleg.maryland.gov/2023RS/Chapters_noln/CH_438_sb0721t.pdf
Amendment	https://mgaleg.maryland.gov/2023RS/amds/bil_0001/sb0721_52352101.pdf
Supplement	https://mgaleg.maryland.gov/2023RS/votes_comm/sb0721_b&t.pdf
Supplement	https://mgaleg.maryland.gov/2023RS/votes_comm/sb0721_w&m.pdf
Roll Call	https://mgaleg.maryland.gov/2023RS/votes/Senate/0684.pdf
Roll Call	https://mgaleg.maryland.gov/2023RS/votes/House/1387.pdf