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MD HB919
Bill
Status
1/31/2025
Primary Sponsor
Julie Palakovich Carr
Click for details
AI Summary
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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)
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Terminates the One Maryland Economic Development Tax Credit Program on January 1, 2026
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Repeals the 0.5% discount that licensed motor fuel dealers and special fuel sellers may deduct from motor fuel tax collections
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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)
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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