MD HB1446 | 2025 | Regular Session

Status

Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 7 2025 - 25% progression
Action: 2025-02-07 - Hearing 3/06 at 1:00 p.m.
Pending: House Ways and Means Committee
Hearing: Mar 6 @ 1:00 pm House Ways and Means Hearing
Text: Latest bill text (Introduced) [PDF]

Summary

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.

Tracking Information

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Title

Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act)

Sponsors


History

DateChamberAction
2025-02-07HouseHearing 3/06 at 1:00 p.m.
2025-02-07HouseFirst Reading Ways and Means

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10758(n/a)See Bill Text

Maryland State Sources


Bill Comments

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