SENATE BILL 468

Sponsored By:

Senator Currie

Entitled:

Maryland Employment Opportunity Tax Credit

Synopsis:

Allowing a credit against the State income tax and insurance premium tax for specified wages paid and qualified child care or transportation expenses incurred by specified business entities with respect to qualified employment opportunity employees; providing for the calculation and use of the credit; providing for the administration of the tax credits; applying the Act to tax years after 2009; etc.

History by Legislative and Calendar Date

Senate Action

2/1

First Reading Budget and Taxation

2/3

Hearing 2/24 at 1:00 p.m.

2/16

Hearing cancelled

3/3

Hearing 3/16 at 1:00 p.m.

3/5

Hearing cancelled

Hearing 3/11 at 1:00 p.m.

House Action

No Action

Bill indexed under the following Subjects:

Child Care

Comptroller

Human Resources, Department of

Income Tax

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Labor, Licensing, and Regulation, Department of

Reports

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Rules and Regulations

Salaries -see also- Overtime; Reimbursement Rates

Tax Credits -see also- Circuit Breaker

Transportation -see also- Aircraft; Airports; Boats; etc

Welfare -see also- Social Services

Work, Labor and Employment -see also- Col Barg; Holiday; etc

Bill affects the following Statutes:

Insurance

( 6-105.1 )

Tax - General

( 10-205 , 10-306 , 10-704.3 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered