2013 Regular Session



Income Tax Credit - Unemployed Veterans - Start-Up Business

Sponsored by:

Delegate Valentino-Smith


In the House - Hearing 3/12 at 1:00 p.m.

Synopsis:Allowing a qualified unemployed veteran a credit of up to $2,000 against the State income tax for expenses associated with starting a business during the taxable year; requiring the business to meet specified qualifications; requiring the Comptroller to adopt regulations and provide an annual report; defining "qualified veteran" and "qualified expenses"; applying the Act to taxable years beginning after December 31, 2013; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Valentino-Smith, Bohanan, Braveboy, Carter, DeBoy, Eckardt, Glass, Guzzone, Holmes, Howard, Hubbard, James, Kaiser, Krebs, McComas, Minnick, S. Robinson, Schulz, Sophocleus, Stocksdale, Swain, V. Turner, M. Washington, Wilson, and Wood
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2013
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Advertising
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Income Tax
Job Training
Rules and Regulations
Salaries -see also- Overtime; Reimbursement Rates
Tax Credits -see also- Circuit Breaker
Transportation -see also- Aircraft; Airports; Boats; etc
Statutes:Article - Tax - General

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Explanation of Floor Motions and Actions

October 24, 2017 1:03 P.M.