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2018 Regular Session



One Maryland Economic Development Tax Credits - Simplification and Alteration

Sponsored by:

Senator Edwards


In the House - First Reading Ways and Means

Synopsis:Altering the definition of "qualified distressed county" by altering certain income levels in the definition and renaming it to be "Tier I county"; repealing a certain start-up tax credit under the One Maryland Economic Development Tax Credit Program; expanding the eligibility requirements for a certain project tax credit by altering, under certain circumstances, the number of qualified positions that must be created by a qualified business entity; altering the calculation of the project tax credit; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Edwards, Eckardt, Ferguson, Madaleno, Mathias, McFadden, Peters, and Serafini
Additional Facts:Cross-filed with: HB1295
Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingWays and Means
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Counties -see also- Chartered Counties; Code Counties
Income Tax
Public Corporations and Instrumentalities
Revenue and Taxes -see also- Dev Fees &Taxes; specific tax
Salaries and Compensation -see also- Overtime; Reimb. Rates
Tax Credits
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
(1-101, 6-401 through 6-403, 6-404, 6-405, 6-406, 6-407)
Article - Tax - General

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Explanation of Floor Motions and Actions

March 20, 2018 11:18 A.M.