Income Tax - Mechanical Insulation Installation Tax Credit
Sponsor: Jim Rosapepe (District 21)Committee: Budget and TaxationSubject: Taxes - IncomeStatus: Hearing 2/24 at 12:00 p.m. (as of Dec 1, 2021)
What this bill does
Official synopsis
Allowing a credit against the State income tax for certain qualified expenses paid or incurred by a taxpayer for the installation of certain mechanical insulation in a certain manner on a certain property and for which the taxpayer obtains a tax credit certificate from the Maryland Energy Administration; prohibiting the Administration from issuing tax credit certificates for credit amounts in aggregate totaling more than $5,000,000; requiring that the tax credits be issued on a first-come, first-served basis; etc.
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Testimony (6)
MGA witness listFAV 5FavorableINFO 1Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Ielmini, Pete | Insulators Labor Management Cooperative Trust | Oral + Written (PDF) |
| FAV | Cavey, Brian | Insulators and Allied Workers Local 24 | Oral |
| FAV | Miller, Craig | Southern Insulation, Inc | Oral + Written (PDF) |
| FAV | Graves, Kenny | TBN Associates Inc. | Written (PDF) |
| FAV | Senator Rosapepe, Senator Rosapepelegislator | Individual | Oral |
| INFO | Fahrig, Landon | Maryland Energy Administration | Written (PDF) |