Maryland House Bill 386 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 5-0)
Status: Introduced on January 28 2016 - 25% progression, died in committee
Action: 2016-02-24 - Hearing 2/24 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Allowing a credit against the State income tax for the total installed costs of specified energy storage systems installed on or after January 1, 2016, but before January 1, 2021; providing that the credit may not exceed a specified amount; providing that the credit may not be carried forward to another taxable year; requiring a taxpayer claiming the credit to attach proof of the total installed costs to the taxpayer's return; applying the Act to taxable years beginning after December 31, 2015; etc.

Income Tax Credit - Energy Storage Systems

Del. Kirill Reznik [D]	Del. David Fraser-hidalgo [D]	Del. Kumar Barve [D]	Sen. Benjamin Kramer [D]
Del. Eric Luedtke [D]

Date	Chamber	Action
2016-02-24	House	Hearing 2/24 at 1:00 p.m.
2016-01-28	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0386?ys=2016rs
Text	https://mgaleg.maryland.gov/2016RS/bills/hb/hb0386f.pdf
Supplement	https://mgaleg.maryland.gov/2016RS/fnotes/bil_0006/hb0386.pdf