Legislation

Title: State Tax Credits, Exemptions, and Deductions - Alterations and Repeal (Tax Modernization Act)
Sponsored by: Delegates Moon and Palakovich Carr
Status: In the House - Unfavorable Report by Ways and Means
Analysis: Fiscal and Policy Note

Synopsis

Providing that certain entities may not claim certain excess tax credits as a refund under the One Maryland Economic Development Tax Credit, Maryland Cybersecurity Investment Tax Credit, More Jobs for Marylanders, and the aerospace, electronics, or defense contract tax credit programs; authorizing qualified entities to apply excess tax credit to future years; repealing certain exemptions under the inheritance and sales and use taxes; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber House Calendar Date 2/07/2020 Legislative Date 2/07/2020 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - State Tax Credits, Exemptions, and Deductions - Alterations and Repeal (Tax Modernization Act) Proceedings
Chamber House Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 3/05 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/11/2020 Legislative Date 3/11/2020 Action Unfavorable Report by Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/07/2020	2/07/2020	First Reading Ways and Means
			Text - First - State Tax Credits, Exemptions, and Deductions - Alterations and Repeal (Tax Modernization Act)
House	2/10/2020	2/10/2020	Hearing 3/05 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/11/2020	3/11/2020	Unfavorable Report by Ways and Means

File Code

Subjects

Statutes