MD SB877 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on February 2 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/21 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 2 2024 - 25% progression, died in committee
Action: 2024-02-06 - Hearing 2/21 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Altering, for purposes of provisions of law concerning the sales and use tax, the definition of "taxable price" to exclude the value of credit provided for a trade-in of certain portable electronics accepted in partial payment, if the value of the credit is separately stated on the invoice, bill of sale, or similar document provided to the purchaser.
Title
Sales and Use Tax - Taxable Price - Exemption for Trade-in Value of Portable Electronics
Sponsors
History
| Date | Chamber | Action |
|---|---|---|
| 2024-02-06 | Senate | Hearing 2/21 at 1:00 p.m. |
| 2024-02-02 | Senate | First Reading Budget and Taxation |
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Insurance | 10 | 701 | (n/a) | See Bill Text |
| Tax - General | 11 | 101 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0877?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0877f.pdf |
