Loading chat...

MD HB919

Bill

Status

Introduced

1/31/2025

Primary Sponsor

Julie Palakovich Carr

Click for details

Origin

House of Delegates

2025 Regular Session

AI Summary

  • Moves up termination dates by one year for six tax credit programs: Job Creation Tax Credit, Opportunity Zone Enhancement Program, research and development tax credit, biotechnology investment incentive tax credit, security clearance administrative expense tax credit, and cybersecurity technology and service tax credit (all ending January 1, 2026 instead of 2027 or 2028)

  • Terminates the One Maryland Economic Development Tax Credit Program on January 1, 2026

  • Repeals the 0.5% discount that licensed motor fuel dealers and special fuel sellers may deduct from motor fuel tax collections

  • Eliminates sales and use tax exemptions for machinery/equipment producing bituminous concrete, bakery equipment for retail food vendors, precious metal bullion or coins over $1,000, and construction materials/warehousing equipment in Baltimore County target redevelopment areas (former Bethlehem Steel properties)

  • Reduces the tobacco tax exemption for cigarettes brought into Maryland by consumers from 5 cartons to 1 carton, and restricts the tractor vehicle registration tax credit to corporations headquartered in the State

Legislative Description

State Tax Credits, Exemptions, and Deductions - Alterations and Repeal

Motor Vehicles

Last Action

Hearing 3/04 at 1:00 p.m.

2/13/2025

Committee Referrals

Ways and Means1/31/2025

Full Bill Text

No bill text available