Legislation - SB0970

Title: Energy Storage Systems – Income Tax Credit and Grant Program – Sunset Extension
Sponsored by: Senator Guzzone
Status: In the House - First Reading Economic Matters
Analysis: Fiscal and Policy Note

Synopsis

Extending for 2 years the termination date for a credit against the State income tax for the installation of energy storage systems in the State; and delaying for 2 years the establishment of the Energy Storage System Grant Program in the Maryland Energy Administration.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Economic Matters

Committee Testimony

Witness List

Details

Cross-filed with: HB1214

Bill File Type: Regular

Effective Date(s): June 1, 2024

History

Legislation History
Chamber Senate Calendar Date 2/02/2024 Legislative Date 2/02/2024 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/06/2024 Legislative Date 2/06/2024 Action Hearing 2/21 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Energy Storage Systems – Income Tax Credit and Grant Program – Sunset Extension Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/08/2024 Legislative Date 3/08/2024 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/11/2024 Legislative Date 2/26/2024 Action Favorable Adopted Proceedings 42 Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2024 Legislative Date 2/26/2024 Action Second Reading Passed Proceedings 42 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Energy Storage Systems – Income Tax Credit and Grant Program – Sunset Extension Proceedings
Chamber Senate Calendar Date 3/14/2024 Legislative Date 2/29/2024 Action Third Reading Passed (46-0) Proceedings 45 Click to view Recorded Media
Chamber House Calendar Date 3/14/2024 Legislative Date 3/04/2024 Action Referred Economic Matters Proceedings 43 Click to view Recorded Media

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/02/2024	2/02/2024	First Reading Budget and Taxation
Senate	2/06/2024	2/06/2024	Hearing 2/21 at 1:00 p.m.
			Text - First - Energy Storage Systems – Income Tax Credit and Grant Program – Sunset Extension
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/08/2024	3/08/2024	Favorable Report by Budget and Taxation
Senate	3/11/2024	2/26/2024	Favorable Adopted	42 Click to view Recorded Media
Senate	3/11/2024	2/26/2024	Second Reading Passed	42 Click to view Recorded Media
			Text - Third - Energy Storage Systems – Income Tax Credit and Grant Program – Sunset Extension
Senate	3/14/2024	2/29/2024	Third Reading Passed (46-0)	45 Click to view Recorded Media
House	3/14/2024	3/04/2024	Referred Economic Matters	43 Click to view Recorded Media

File Code

Subjects

Statutes