2013 Regular Session



Income Tax - Tax Credit for Wineries and Vineyards

Sponsored by:

Senator Young


In the Senate - Unfavorable Report by Budget and Taxation; Withdrawn

Synopsis:Allowing a credit against the State income tax for specified qualified expenditures at specified wineries and specified vineyards in the State; requiring the Maryland Department of Agriculture to administer the tax credit; providing for the maximum amount of tax credits that may be issued by the Department each year; requiring the Comptroller to adopt specified regulations; applying the tax credit to all taxable years beginning after December 31, 2012; defining terms; etc.
Analysis:Not available at this time
All Sponsors:Senator Young
Additional Facts:Introduced in a prior session as: SB0757 Session: 2012 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2013
Budget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Agriculture, Department of
Agriculture -see also- Farmland
Alcoholic Beverages -see also- AB-By Subd; Subst Abuse; etc.
Equipment -see also- Motor Vehicle Equipment
Income Tax
Rules and Regulations
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General

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October 24, 2017 1:07 P.M.