2022 Regular Session • Maryland Legislature
SB597: Income Tax - Theatrical Production Tax Credit
Legislative Summary
Allowing certain theatrical production entities to claim a credit against the State income tax for certain costs incurred for certain theatrical productions within the State; making the credit refundable under certain circumstances; requiring the Department of Commerce to administer the credit; and prohibiting the Secretary from issuing tax credit certificates for credit amounts in the aggregate totaling more than $5,000,000 in any fiscal year.
Bill History
2/2/2022
First Reading Budget and Taxation
Senate
2/3/2022
Hearing 2/23 at 1:00 p.m.
Senate
3/31/2022
Favorable with Amendments Report by Budget and Taxation
Senate
3/31/2022
Favorable with Amendments {193028/1 Adopted
Senate
3/31/2022
Second Reading Passed with Amendments
Senate
3/31/2022
Third Reading Passed (46-0)
Senate
4/1/2022
Referred Rules and Executive Nominations
House of Delegates
4/7/2022
Rereferred to Ways and Means
House of Delegates
4/7/2022
Favorable Report by Ways and Means
House of Delegates
4/8/2022
Favorable Adopted Second Reading Passed
House of Delegates
4/11/2022
Third Reading Passed (118-12)
House of Delegates
4/11/2022
Returned Passed
Senate
5/12/2022
Approved by the Governor - Chapter 259
Senate
Amendments
Favorable with Amendments 193028/1 Adopted
Favorable with Amendments 193028/1 Adopted
3/31/2022Adopted
Roll Call Votes
Third Reading Passed
4/11/2022
118
Yea
12
Nay
6
Not Voting
5
Absent
Result: PASSED
Third Reading Passed
3/31/2022
46
Yea
0
Nay
1
Not Voting
0
Absent
Result: PASSED
Status Information
Current Status
Passed(5/12/2022)
Chamber
Senate
Sine Die
Sponsors
Democrat: 9
Republican: 4
Primary Sponsor
Guy Guzzone
Democrat