MD SB932 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2014 - 25% progression, died in committee
Action: 2014-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2014 - 25% progression, died in committee
Action: 2014-03-12 - Hearing 3/12 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing an individual or a corporation to claim a credit against the State income tax for 15% of the cost of a renewable energy system; requiring a renewable energy system for which a credit is claimed to satisfy specified requirements; providing that the amount of the credit may not exceed the State income tax for a taxable year; authorizing an individual or a corporation to apply any excess amount of the credit against the State income tax for succeeding taxable years; etc.
Title
Income Tax Credit - Renewable Energy Systems
Sponsors
History
Date | Chamber | Action |
---|---|---|
2014-03-12 | Senate | Hearing 3/12 at 1:00 p.m. |
2014-01-31 | Senate | First Reading Budget and Taxation |
Subjects
Alternative Energy Sources
Comptroller
Corporations
Energy Matters
Income Tax
Rules and Regulations
Tax Credits
Taxes - Income
Comptroller
Corporations
Energy Matters
Income Tax
Rules and Regulations
Tax Credits
Taxes - Income