MD SB721 | 2023 | Regular Session
Status
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]
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]
Summary
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.
Title
Income Tax - Credit for Federal Security Clearance Costs - Alterations
Sponsors
Roll Calls
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]
2023-03-20 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
History
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 |
Subjects
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 732 | (n/a) | See Bill Text |