Passed BothConf. Cmte
- Income Tax - Mechanical Insulation Installation Tax Credit
- Sponsored by
- Senator Rosapepe
- In the Senate - Hearing 2/24 at 12:00 p.m.
- Fiscal and Policy Note
Allowing a credit against the State income tax for certain qualified expenses paid or incurred by a taxpayer for the installation of certain mechanical insulation in a certain manner on a certain property and for which the taxpayer obtains a tax credit certificate from the Maryland Energy Administration; prohibiting the Administration from issuing tax credit certificates for credit amounts in aggregate totaling more than $5,000,000; requiring that the tax credits be issued on a first-come, first-served basis; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2021
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( 10-751 )
Last Updated: 4/1/2021 6:21 PM