MD HB250 | 2025 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-13 - Hearing 1/30 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 8 2025 - 25% progression
Action: 2025-01-13 - Hearing 1/30 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for the purchase of certain firearm safety devices in an amount equal to the lesser of 100% of the purchase price or $200 during the taxable year; allowing an individual to carry over any excess credit to the next taxable year; requiring the Comptroller to establish a process to issue tax credit certificates; limiting the aggregate allowable amount of credits to $250,000 for any taxable year; and applying the Act to all taxable years beginning after December 31, 2024.
Title
Income Tax - Credit for Firearm Safety Devices
Sponsors
| Del. Joe Vogel [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2025-01-13 | House | Hearing 1/30 at 1:00 p.m. |
| 2025-01-08 | House | First Reading Ways and Means |
| 2024-10-29 | House | Pre-filed |
Subjects
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/HB0250?ys=2025RS |
| Text | https://mgaleg.maryland.gov/2025RS/bills/hb/hb0250f.pdf |
