MD SB926 | 2017 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-03-08 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2017 - 25% progression, died in committee
Action: 2017-03-08 - Hearing 3/08 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing specified individuals or business entities a credit against the State income tax for a specified percentage of the eligible cost of specified renewable energy property constructed or purchased and placed in service in the State; establishing a specified application fee and making the fee nonrefundable under specified circumstances; limiting the aggregate amount of tax credit certificates that may be issued during a specified period; applying the Act to all taxable years beginning after December 31, 2018; etc.
Title
Income Tax Credit - Renewable Energy Property
Sponsors
Sen. Richard Madaleno [D] | Sen. Guy Guzzone [D] | Sen. Edward Kasemeyer [D] | Sen. Nancy King [D] |
Sen. Jim Mathias [D] |
History
Date | Chamber | Action |
---|---|---|
2017-03-08 | Senate | Hearing 3/08 at 1:00 p.m. |
2017-02-03 | Senate | First Reading Budget and Taxation |
Subjects
Administrative Agencies
Alternative Energy Sources
Commerce and Business
Energy Matters
Fees
Income Tax
Leases and Rent
Records
Rules and Regulations
Tax Credits
Taxes - Income
Alternative Energy Sources
Commerce and Business
Energy Matters
Fees
Income Tax
Leases and Rent
Records
Rules and Regulations
Tax Credits
Taxes - Income