SB0153 (CH0604)

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2018 Regular Session



Income Tax – Oyster Shell Recycling Credit – Maximum Allowable Amount and Sunset Extension

Sponsored by:

Senator Hershey


Approved by the Governor - Chapter 604

Synopsis:Increasing from $750 to $1,500 the maximum allowable amount of a credit against the State income tax that provides $5 for each bushel of oyster shells recycled during the taxable year; extending the termination date of the credit to the end of June 30, 2023; and providing for the application of the Act.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Senators Hershey, Eckardt, Mathias, and Manno
Additional Facts:Cross-filed with: HB0572
Bill File Type: Regular
Effective Date(s): June 1, 2018
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Income Tax
Tax Credits
Statutes:Article - Chapter of the Acts
Article - Tax - General

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Explanation of Floor Motions and Actions

May 18, 2018 3:57 P.M.