MD HB982 | 2021 | Regular Session
Note: Carry Foward to future HB405
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 5 2021 - 25% progression, died in committee
Action: 2021-02-08 - Hearing 2/25 at 1:30 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2021 - 25% progression, died in committee
Action: 2021-02-08 - Hearing 2/25 at 1:30 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for certain qualified expenses paid or incurred by a taxpayer for the installation of certain mechanical insulation in a certain manner on a certain property and for which the taxpayer obtains a tax credit certificate from the Maryland Energy Administration; prohibiting the Administration from issuing tax credit certificates for credit amounts in aggregate totaling more than $5,000,000; requiring that the tax credits be issued on a first-come, first-served basis; etc.
Title
Income Tax – Mechanical Insulation Installation Tax Credit
Sponsors
Del. Mary Lehman [D] |
History
Date | Chamber | Action |
---|---|---|
2021-02-08 | House | Hearing 2/25 at 1:30 p.m. |
2021-02-05 | House | First Reading Ways and Means |
Same As/Similar To
HB982 (Carry Over) 2021-02-08 - Hearing 2/25 at 1:30 p.m.
SB738 (Crossfiled) 2021-02-19 - Hearing 2/24 at 12:00 p.m.
SB738 (Crossfiled) 2021-02-19 - Hearing 2/24 at 12:00 p.m.
Subjects
Administrative Agencies
Comptroller
Energy Matters
Heating and Cooling
Income Tax
Plumbing
Reports
Rules and Regulations
Tax Credits
Taxes - Income
Comptroller
Energy Matters
Heating and Cooling
Income Tax
Plumbing
Reports
Rules and Regulations
Tax Credits
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 751 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0982?ys=2021RS |
Text | https://mgaleg.maryland.gov/2021RS/bills/hb/hb0982f.pdf |