MD SB775 | 2020 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/26 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 3 2020 - 25% progression, died in committee
Action: 2020-02-10 - Hearing 2/26 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Defining "taxpayer" as the owner of residential or commercial property who purchases and installs an energy storage system or an individual that owns or pays for the installation of an energy storage system that supplies energy for use on a residential or commercial property; providing a credit against the State income tax for the costs of installing an energy storage system; increasing from $75,000 to $150,000 the maximum tax credit certificate that may be issued for the installation of an energy storage system on certain property; etc.
Title
Income Tax – Energy Storage Tax Credit – Alterations
Sponsors
Sen. Guy Guzzone [D] |
History
Date | Chamber | Action |
---|---|---|
2020-02-10 | Senate | Hearing 2/26 at 1:00 p.m. |
2020-02-10 | Senate | Hearing canceled |
2020-02-06 | Senate | Hearing 2/26 at 2:00 p.m. |
2020-02-03 | Senate | First Reading Budget and Taxation |
Same As/Similar To
HB980 (Crossfiled) 2020-05-08 - Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 636
Subjects
Administrative Agencies
Commercial Property
Corporations
Energy Matters
Housing
Income Tax
Storage
Tax Credits
Taxes - Income
Commercial Property
Corporations
Energy Matters
Housing
Income Tax
Storage
Tax Credits
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 719 | (n/a) | See Bill Text |
Maryland State Sources
Type | Source |
---|---|
Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0775?ys=2020RS |
Text | https://mgaleg.maryland.gov/2020RS/bills/sb/sb0775f.pdf |