Legislation - HB1294

Title: Artificial Intelligence Tools - Income Tax Credit and Sales and Use Tax
Sponsored by: Delegate Young
Status: In the House - Hearing 2/29 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Prohibiting the Secretary of Commerce from issuing a tax credit certificate for the purchase of certain cybersecurity technologies or services for a taxable year beginning after December 31, 2023; altering the definition of "digital product" under the State sales and use tax to include certain artificial intelligence tools; allowing a credit against the State income tax for costs paid or incurred by a qualified buyer for certain artificial intelligence tools; 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, 2024

History

Legislation History
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Artificial Intelligence Tools - Income Tax Credit and Sales and Use Tax Proceedings
Chamber House Calendar Date 2/09/2024 Legislative Date 2/09/2024 Action Hearing 2/29 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2024	2/09/2024	First Reading Ways and Means
			Text - First - Artificial Intelligence Tools - Income Tax Credit and Sales and Use Tax
House	2/09/2024	2/09/2024	Hearing 2/29 at 1:00 p.m.

File Code

Subjects

Statutes