MD SB976 | 2010 | Regular Session

Maryland Senate Bill 976 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 19 2010 - 25% progression, died in chamber
Action: 2010-03-03 - Hearing 3/23 at 1:00 p.m.
Text: Latest bill text (Introduced) [PDF]

Summary

Allowing a qualified film production entity to claim a credit against the State income tax for specified costs incurred for film production activities; repealing the Film Production Rebate Program; requiring the Department of Business and Economic Development to administer the credit; requiring that the estimated total direct costs incurred in the State exceed $500,000; providing that the total direct costs may not include wages that exceed $1,000,000; applying the Act to taxable years beginning after 2009; etc.

Title

Income Tax - Film Production Activity Credit

History

Date	Chamber	Action
2010-03-03		Hearing 3/23 at 1:00 p.m.
2010-02-25		Re-referred Budget and Taxation
2010-02-19		First Reading Senate Rules

Subjects

Art, Music and Cultural Affairs
Auditors and Audits
Business and Economic Development, Department of
Commerce and Business
Comptroller
Grants
Income Tax
Motion Pictures
Notices
Reports
Revenue and Taxes
Rules and Regulations
Tax Credits

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2010rs/billfile/SB0976.htm
Text	http://mlis.state.md.us/2010rs/bills/sb/sb0976f.pdf