Legislation

Title: Income Tax - Credit for Federal Security Clearance Costs - Alterations
Sponsored by: Chair, Budget and Taxation Committee (By Request - Departmental - Commerce)
Status: Approved by the Governor - Chapter 438
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Reestablishing a time period of taxable years from December 21, 2022, to January 1, 2028, for a credit against the Maryland income tax for certain costs incurred by employers to obtain federal security clearances for employees, rent certain spaces, and construct or renovate certain sensitive compartmented information facilities in the State; limiting eligibility for the income tax credit to individuals or corporations that employ not more than 500 employees; and applying the Act to taxable years beginning after December 31, 2022.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2023

By Request of the Governor

History

Legislation History
Chamber Senate Calendar Date 2/06/2023 Legislative Date 2/06/2023 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/07/2023 Legislative Date 2/07/2023 Action Hearing 3/07 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax – Credit for Federal Security Clearance Costs – Extension Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2023 Legislative Date 3/20/2023 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/20/2023 Legislative Date 3/11/2023 Action Favorable with Amendments {523521/1 Adopted Proceedings 48 Click to view Recorded Media
Chamber Senate Calendar Date 3/20/2023 Legislative Date 3/11/2023 Action Second Reading Passed with Amendments Proceedings 48 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax - Credit for Federal Security Clearance Costs - Alterations Proceedings
Chamber Senate Calendar Date 3/20/2023 Legislative Date 3/13/2023 Action Third Reading Passed (46-0) Proceedings 50 Click to view Recorded Media
Chamber House Calendar Date 3/21/2023 Legislative Date 3/13/2023 Action Referred Ways and Means Proceedings 50AClick to view Recorded Media
Chamber House Calendar Date 3/21/2023 Legislative Date 3/21/2023 Action Hearing 3/30 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 4/08/2023 Legislative Date 4/08/2023 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/08/2023 Legislative Date 3/30/2023 Action Favorable Adopted Second Reading Passed Proceedings 67 Click to view Recorded Media
Chamber House Calendar Date 4/10/2023 Legislative Date 4/03/2023 Action Third Reading Passed (131-5) Proceedings 71 Click to view Recorded Media
Chamber Senate Calendar Date 4/10/2023 Legislative Date 3/30/2023 Action Returned Passed Proceedings 67 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/08/2023 Legislative Date 5/08/2023 Action Approved by the Governor - Chapter 438 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax - Credit for Federal Security Clearance Costs - Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/06/2023	2/06/2023	First Reading Budget and Taxation
Senate	2/07/2023	2/07/2023	Hearing 3/07 at 1:00 p.m.
			Text - First - Income Tax – Credit for Federal Security Clearance Costs – Extension
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/20/2023	3/20/2023	Favorable with Amendments Report by Budget and Taxation
Senate	3/20/2023	3/11/2023	Favorable with Amendments {523521/1 Adopted	48 Click to view Recorded Media
Senate	3/20/2023	3/11/2023	Second Reading Passed with Amendments	48 Click to view Recorded Media
			Text - Third - Income Tax - Credit for Federal Security Clearance Costs - Alterations
Senate	3/20/2023	3/13/2023	Third Reading Passed (46-0)	50 Click to view Recorded Media
House	3/21/2023	3/13/2023	Referred Ways and Means	50AClick to view Recorded Media
House	3/21/2023	3/21/2023	Hearing 3/30 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/08/2023	4/08/2023	Favorable Report by Ways and Means
House	4/08/2023	3/30/2023	Favorable Adopted Second Reading Passed	67 Click to view Recorded Media
House	4/10/2023	4/03/2023	Third Reading Passed (131-5)	71 Click to view Recorded Media
Senate	4/10/2023	3/30/2023	Returned Passed	67 Click to view Recorded Media
Post Passage	5/08/2023	5/08/2023	Approved by the Governor - Chapter 438
			Text - Chapter - Income Tax - Credit for Federal Security Clearance Costs - Alterations

File Code

Subjects

Statutes