Legislation - HB1446

Title: Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act)
Sponsored by: Delegate Amprey
Status: In the House - Hearing 3/06 at 1:00 p.m.
Analysis

Synopsis

Allowing, for certain taxable years, a credit against the State income tax for a certain qualified business entity that relocates its headquarters and base of operations from another state to Maryland under certain circumstances; requiring the Department of Commerce to administer the tax credit; allowing a qualified business entity to carry over any excess credit to the next taxable year; and establishing the Business Relocation Council to advertise the tax credit allowed under the Act.

Committees

Original:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): July 1, 2025

Creates a Task Force or Commission

History

Legislation History
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/07/2025 Legislative Date 2/07/2025 Action Hearing 3/06 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act) Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/07/2025	2/07/2025	First Reading Ways and Means
House	2/07/2025	2/07/2025	Hearing 3/06 at 1:00 p.m.
			Text - First - Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act)

File Code

Subjects

Statutes