Taxes/Tax Credits

Legislation/IssuesSynopsisResourcesNew This Week/Upcoming Dates
SB 881 - Income Tax - Work Opportunity Tax Credit Allowing certain employers to claim a credit against the State income tax in a certain amount for certain wages paid to certain individuals with barriers to employment; providing that the credit may not exceed 100% of the Federal Work Opportunity Credit claimed by an employer on the employer's federal income tax return, or the State income tax imposed for that taxable year, and may not be carried over to any other taxable year; and applying the Act to taxable years beginning after December 31, 2020. SB 881

Hearing 3/03 at 1:00 p.m. (2/11)
HB 1010 - Prince George's County - Payment in Lieu of Taxes Agreements - Low-Income Housing PG 415-21 Authorizing the governing body of Prince George's County to enter into an agreement with an owner of real property who is engaged in constructing or operating housing structures or projects for the payment of a negotiated amount in lieu of county property taxes on the property; requiring property that is subject to a payment in lieu of taxes agreement to be used for a housing structure or project that is acquired, constructed, or rehabilitated under certain programs or acquired under a Right of First Refusal program; etc. HB 1010

Approved by the Governor - Chapter 248 (5/18)