Legislation

Title: Income Tax - Credit for Small Businesses - State Minimum Wage Increase
Sponsored by: Senator Ellis
Status: In the Senate - Hearing 1/15 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for certain wages paid by certain small businesses during the taxable year to certain minimum wage employees under certain circumstances; requiring the Maryland Department of Labor, on application by a small business, to issue a tax credit certificate in a certain amount; requiring the Department to report to the Comptroller, on or before January 31 each year, on the tax credit certificates issued; requiring the Department and the Comptroller to adopt certain regulations; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 10/30/2019 Legislative Date 10/30/2019 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/08/2020 Legislative Date 1/08/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Small Businesses - State Minimum Wage Increase Proceedings
Chamber Senate Calendar Date 1/06/2020 Legislative Date 1/06/2020 Action Hearing 1/15 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	10/30/2019	10/30/2019	Pre-filed
Senate	1/08/2020	1/08/2020	First Reading Budget and Taxation
			Text - First - Income Tax - Credit for Small Businesses - State Minimum Wage Increase
Senate	1/06/2020	1/06/2020	Hearing 1/15 at 1:00 p.m.

File Code

Subjects

Statutes