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.
AI analysis is off. Set ANTHROPIC_API_KEY to enable summaries, pros and cons, and questions.
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 listFAV 10Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | HUMBERT, BRAD | DARK CLOUD MALTHOUSE | Position only |
| FAV | ATTICKS, KEVINlobbyist | GROW AND FORTIFY | Oral + Written (PDF) |
| FAV | FERGUSON, COLBY | MARYLAND FARM BUREAU | Oral + Written (PDF) |
| FAV | FUCHS, KURTlobbyist | MIDATLANTIC FARM CREDIT | Position only |
| FAV | DAVIS, CHARLOTTE | RURAL MARYLAND COUNCIL | Position only |
| FAV | Clevenger, Amanda | Rural Maryland Council | Written (PDF) |
| FAV | HISTON, MICHAEL | SHEPHERDS MANOR CREAMERY | Position only |
| FAV | ARMISTEAD, RACHEL | SWEETFARM FARM | Position only |
| FAV | toomey, ruth | md tourism coalition | Position only |
| FAV | Senator Hester, Senator Hesterlegislator | Individual | Oral + 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
