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]
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.
Title
Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act)
Sponsors
History
Date | Chamber | Action |
---|---|---|
2025-02-07 | House | Hearing 3/06 at 1:00 p.m. |
2025-02-07 | House | First Reading Ways and Means |
Subjects
Advertising
Awareness and Outreach
Commerce and Business
Commerce, Department of
Committees and Commissions
Comptroller
disparity
Economic Development
Forms
Fraud
Income Tax
Interstate Affairs
Rules and Regulations
Sunset
Tax Credits
Taxes - Income
Time
Awareness and Outreach
Commerce and Business
Commerce, Department of
Committees and Commissions
Comptroller
disparity
Economic Development
Forms
Fraud
Income Tax
Interstate Affairs
Rules and Regulations
Sunset
Tax Credits
Taxes - Income
Time
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 758 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1446?ys=2025RS |
Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb1446f.pdf |