MD HB641 | 2022 | Regular Session
Status
Completed Legislative Action
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 258
Text: Latest bill text (Chaptered) [PDF]
Spectrum: Partisan Bill (Democrat 2-0)
Status: Passed on May 12 2022 - 100% progression
Action: 2022-05-12 - Approved by the Governor - Chapter 258
Text: Latest bill text (Chaptered) [PDF]
Summary
Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions within the State; making the credit refundable under certain circumstances; requiring the Department of Commerce to administer the credit; and prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $5,000,000 in any fiscal year.
Title
Income Tax - Theatrical Production Tax Credit
Sponsors
Roll Calls
2022-03-31 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 1 Abs: 0) [PASS]
2022-03-21 - House - Third Reading Passed (Y: 120 N: 12 NV: 1 Abs: 8) [PASS]
2022-03-21 - House - Third Reading Passed (Y: 120 N: 12 NV: 1 Abs: 8) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2022-05-12 | House | Approved by the Governor - Chapter 258 |
| 2022-04-01 | House | Returned Passed |
| 2022-03-31 | Senate | Third Reading Passed (46-0) |
| 2022-03-31 | Senate | Second Reading Passed |
| 2022-03-31 | Senate | Favorable Adopted |
| 2022-03-31 | Senate | Favorable Report by Budget and Taxation |
| 2022-03-28 | Senate | Hearing canceled |
| 2022-03-22 | Senate | Hearing 3/29 at 1:00 p.m. |
| 2022-03-21 | Senate | Referred Budget and Taxation |
| 2022-03-21 | House | Third Reading Passed (120-12) |
| 2022-03-18 | House | Second Reading Passed with Amendments |
| 2022-03-18 | House | Favorable with Amendments {863725/1 Adopted |
| 2022-03-18 | House | Favorable with Amendments Report by Ways and Means |
| 2022-01-31 | House | Hearing 2/16 at 1:00 p.m. |
| 2022-01-31 | House | First Reading Ways and Means |
Same As/Similar To
SB597 (Crossfiled) 2022-05-12 - Approved by the Governor - Chapter 259
Subjects
Advertising
Art, Music, and Cultural Affairs
Commerce and Business
Commerce, Department of
Comptroller
Construction
Equipment
Forms
Income Tax
Leases and Rent
Rules and Regulations
Salaries and Compensation
Sunset
Tax Credits
Taxes - Income
Theaters
Work, Labor, and Employment
Art, Music, and Cultural Affairs
Commerce and Business
Commerce, Department of
Comptroller
Construction
Equipment
Forms
Income Tax
Leases and Rent
Rules and Regulations
Salaries and Compensation
Sunset
Tax Credits
Taxes - Income
Theaters
Work, Labor, and Employment
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Economic Development | 5 | 109 | (n/a) | See Bill Text |
| Tax - General | 10 | 754 | (n/a) | See Bill Text |
