MD SB885 | 2019 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 13 2019 - 25% progression, died in committee
Action: 2019-02-22 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing certain employers employing certain interns a credit against the State income tax that may not exceed $1,000 for each eligible intern or 10% of the wages paid to each eligible intern, subject to certain limitations; requiring a certain employer to enter into a certain agreement with a certain higher education institution; providing that not more than $300,000 in tax credit certificates may be issued in any taxable year; requiring a report by the Comptroller on utilization of the tax credit by July 1, 2022; etc.

Tracking Information

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Title

Income Tax Credit - Employers - Eligible Internships

Sponsors


History

DateChamberAction
2019-02-22SenateHearing 3/13 at 1:00 p.m.
2019-02-21SenateRereferred to Budget and Taxation
2019-02-13SenateFirst Reading Senate Rules

Subjects


Maryland State Sources


Bill Comments

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