MD SB757 | 2012 | Regular Session
Status
Spectrum: Moderate Partisan Bill (Democrat 4-1)
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-03-15 - Hearing 3/19 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2012 - 25% progression, died in committee
Action: 2012-03-15 - Hearing 3/19 at 2:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for specified qualified expenditures at specified wineries and specified vineyards; requiring the Maryland Department of Agriculture to administer the tax credit; providing for the maximum amount of tax credits that may be issued by the Department each year; requiring the Comptroller to adopt specified regulations; applying the tax credit to all taxable years beginning after December 31, 2011; defining terms; etc.
Title
Income Tax - Tax Credit for Wineries and Vineyards
Sponsors
| Sen. Richard Colburn [R] | Sen. Katherine Klausmeier [D] | Sen. Jim Mathias [D] | Sen. Karen Montgomery [D] |
| Sen. Ronald Young [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2012-03-15 | Hearing 3/19 at 2:00 p.m. | |
| 2012-02-08 | Hearing 3/14 at 1:00 p.m. | |
| 2012-02-03 | First Reading Budget and Taxation |
Subjects
Agriculture
Agriculture, Department of
Alcoholic Beverages
Comptroller
Income Tax
Rules and Regulations
Tax Credits
Agriculture, Department of
Alcoholic Beverages
Comptroller
Income Tax
Rules and Regulations
Tax Credits
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2012rs/billfile/SB0757.htm |
| Text | http://mlis.state.md.us/2012rs/bills/sb/sb0757f.pdf |
