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SB 979

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Income Tax Credit - Value-Added Processing Expenses

Sponsor: Katie Fry Hester (District 9)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 3/04 at 1:00 p.m. (as of Nov 6, 2020)

What this bill does

Official synopsis

Allowing a credit against the State income tax for certain qualified capital expenses for use in value-added processing conducted in the State; requiring the Department of Commerce to administer the tax credit; prohibiting a certain business entity from claiming, for the same qualified capital expenses, the credit under the Act and a certain credit against the State income tax for certain expenditures at certain wineries and certain vineyards; etc.

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Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.

Testimony (10)

MGA witness list
FAV 10Favorable
PositionWitnessOrganizationTestimony
FAVHUMBERT, BRADDARK CLOUD MALTHOUSEPosition only
FAVATTICKS, KEVINlobbyistGROW AND FORTIFYOral + Written (PDF)
FAVFERGUSON, COLBYMARYLAND FARM BUREAUOral + Written (PDF)
FAVFUCHS, KURTlobbyistMIDATLANTIC FARM CREDITPosition only
FAVDAVIS, CHARLOTTERURAL MARYLAND COUNCILPosition only
FAVClevenger, AmandaRural Maryland CouncilWritten (PDF)
FAVHISTON, MICHAELSHEPHERDS MANOR CREAMERYPosition only
FAVARMISTEAD, RACHELSWEETFARM FARMPosition only
FAVtoomey, ruthmd tourism coalitionPosition only
FAVSenator Hester, Senator HesterlegislatorIndividualOral + Written (PDF)

Organizations on record

Registered lobbyists who testified

FAVATTICKS, KEVINGROW AND FORTIFYRegistered for: Brewers Association of Maryland; Maryland Distillers Guild; Maryland Wineries Association
FAVFUCHS, KURTMIDATLANTIC FARM CREDITRegistered for: Easton Utilities Commission; Horizon Farm Credit