HB1665

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax Credit - Endowments of Maryland Historically Black Colleges and Universities

Sponsored by:

Delegate Mosby

Status:

In the House - Hearing 3/08 at 1:00 p.m.


Synopsis:Allowing a credit against the State income tax for a certain amount of donations to certain qualified permanent endowment funds at certain institutions of higher education; providing for the carryforward of the credit; requiring the Comptroller, on application of a taxpayer, to issue a tax credit certificate; requiring the application to contain certain information; applying the Act to taxable years beginning after December 31, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Mosby
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Ethnic Affairs
Gifts
Higher Education -see also- Comm Colleges; Med Schools; etc.
Income Tax
Rules and Regulations
Tax Credits
Statutes:Article - Tax - General
(10-746)

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March 9, 2018 9:06 A.M.