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§ 1-206. Measures taken to implement credits authorized under Title 10, Subtitle 7 of this arti...

West's Annotated Code of MarylandTax-GeneralEffective: July 1, 2021

West's Annotated Code of Maryland
Tax-General (Refs & Annos)
Title 1. Definitions; General Provisions (Refs & Annos)
Subtitle 2. General Provisions (Refs & Annos)
Effective: July 1, 2021
MD Code, Tax - General, § 1-206
§ 1-206. Measures taken to implement credits authorized under Title 10, Subtitle 7 of this article
Application of section
(a) This section does not apply to an income tax credit that:
(1) was authorized under Title 10, Subtitle 7 of this article before July 1, 2021; or
(2) has an annual fiscal impact of less than $5,000,000.
Reports
(b) Within 1 year after the enactment of an income tax credit authorized under Title 10, Subtitle 7 of this article, a unit of State government required to administer the credit shall report, in accordance with § 2-1257 of the State Government Article, to the Senate Budget and Taxation Committee and the House Committee on Ways and Means on the measures that the unit has taken to implement the credit.

Credits

Added by Acts 2021, c. 575, § 1, eff. July 1, 2021.
MD Code, Tax - General, § 1-206, MD TAX GENERAL § 1-206
Current through all legislation from the 2022 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
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