MD HB526 | 2018 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 10-6)
Status: Introduced on January 26 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 26 2018 - 25% progression, died in committee
Action: 2018-02-14 - Hearing 2/14 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 50% of an investment made in a qualified innovation business, not to exceed $50,000, or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity; requiring a qualified investor to meet certain requirements in order to be eligible for the credit; requiring the Department of Commerce to administer the credit; applying the Act to certain taxable years beginning after December 31, 2017; etc.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2018-02-14 | House | Hearing 2/14 at 1:00 p.m. |
| 2018-01-26 | House | First Reading Ways and Means |
Subjects
Commerce and Business
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Tax Credits
Taxes - Income
Time
Treasurers
Commerce, Department of
Economic and Community Development
Income Tax
Investments
Tax Credits
Taxes - Income
Time
Treasurers
