MD SB577 | 2020 | Regular Session
Note: Carry Foward to future SB171
Status
Spectrum: Partisan Bill (Democrat 4-0)
Status: Introduced on January 31 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/19 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/19 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions in the State; making the credit refundable under certain circumstances; requiring an entity to apply to the Department of Commerce to be a qualified theatrical production entity; requiring that to qualify for the credit certain estimated costs incurred in the State must exceed $100,000; applying the Act to taxable years beginning after December 31, 2019; etc.
Title
Income Tax - Theatrical Production Tax Credit
Sponsors
History
Date | Chamber | Action |
---|---|---|
2020-02-10 | Senate | Hearing 2/19 at 1:00 p.m. |
2020-02-10 | Senate | Hearing canceled |
2020-01-31 | Senate | Hearing 2/19 at 2:00 p.m. |
2020-01-31 | Senate | First Reading Budget and Taxation |
Same As/Similar To
SB577 (Carry Over) 2020-02-10 - Hearing 2/19 at 1:00 p.m.
HB1192 (Crossfiled) 2020-02-10 - Hearing 2/25 at 1:00 p.m.
HB1192 (Crossfiled) 2020-02-10 - Hearing 2/25 at 1:00 p.m.
Subjects
Art, Music and Cultural Affairs
Auditors and Audits
Budgets
Commerce and Business
Commerce, Department of
Comptroller
Forms
Income Tax
Minorities
Notices
Reports
Residency
Rules and Regulations
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Theaters
Auditors and Audits
Budgets
Commerce and Business
Commerce, Department of
Comptroller
Forms
Income Tax
Minorities
Notices
Reports
Residency
Rules and Regulations
Salaries and Compensation
Small Business
Tax Credits
Taxes - Income
Theaters
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Economic Development | 5 | 109 | (n/a) | See Bill Text |
Tax - General | 10 | 751 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0577?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0577f.pdf |