MD SB955 | 2018 | Regular Session
Status
Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-03-13 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2018 - 25% progression, died in committee
Action: 2018-03-13 - Hearing 3/13 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for a certain percentage of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; requiring the Department of Commerce to administer the credit; applying the Act to certain taxable years beginning after December 31, 2017; etc.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
History
Date | Chamber | Action |
---|---|---|
2018-03-13 | Senate | Hearing 3/13 at 1:00 p.m. |
2018-02-05 | Senate | First Reading Budget and Taxation |
Subjects
Commerce and Business
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Spouses
Tax Credits
Taxes - Income
Time
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Spouses
Tax Credits
Taxes - Income
Time