MD HB886 | 2019 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 12-2)
Status: Introduced on February 8 2019 - 25% progression, died in committee
Action: 2019-02-11 - Hearing 2/27 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 8 2019 - 25% progression, died in committee
Action: 2019-02-11 - Hearing 2/27 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 a certain percentage 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; applying the Act to certain taxable years beginning after December 31, 2018; etc.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2019-02-11 | House | Hearing 2/27 at 1:00 p.m. |
| 2019-02-08 | House | First Reading Ways and Means |
Subjects
Agriculture
Appropriations
Budgets
Commerce and Business
Commerce, Department of
Comptroller
Economic and Community Development
Energy Matters
Engineers
Evidence
Governor
Health
Income Tax
Industry and Technology
Investments
Minorities
Notices
Reports
Revenue and Taxes
Rules and Regulations
Small Business
Sunset
Tax Credits
Taxes - Income
Telecommunications and Information Technology
Transportation
Women
Appropriations
Budgets
Commerce and Business
Commerce, Department of
Comptroller
Economic and Community Development
Energy Matters
Engineers
Evidence
Governor
Health
Income Tax
Industry and Technology
Investments
Minorities
Notices
Reports
Revenue and Taxes
Rules and Regulations
Small Business
Sunset
Tax Credits
Taxes - Income
Telecommunications and Information Technology
Transportation
Women
