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MD SB414

Bill

Status

Engrossed

3/12/2025

Primary Sponsor

Jeff Waldstreicher

Click for details

Origin

Senate

2025 Regular Session

AI Summary

  • Parents of a stillborn child may claim a $1,000 refundable credit against Maryland state income tax for each birth resulting in stillbirth
  • Eligibility requires a Certificate of Birth Resulting in Stillbirth issued under Maryland law or an equivalent certificate of fetal death from another state
  • Credit may only be claimed for the taxable year in which the stillbirth occurred
  • If the credit exceeds the parent's state income tax liability, the excess amount is refunded to the parent
  • Effective July 1, 2025, applicable to taxable years beginning after December 31, 2025

Legislative Description

Income Tax Credit - Parent of Stillborn Child

Income Tax

Last Action

Hearing 3/27 at 1:00 p.m.

3/15/2025

Committee Referrals

Ways and Means3/14/2025
Budget and Taxation1/20/2025

Full Bill Text

No bill text available