Artificial Intelligence Tools - Income Tax Credit and Sales and Use Tax
Sponsor: Caylin Young (District 45)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 2/29 at 1:00 p.m. (as of Nov 13, 2024)
What this bill does
Official synopsis
Prohibiting the Secretary of Commerce from issuing a tax credit certificate for the purchase of certain cybersecurity technologies or services for a taxable year beginning after December 31, 2023; altering the definition of 'digital product' under the State sales and use tax to include certain artificial intelligence tools; allowing a credit against the State income tax for costs paid or incurred by a qualified buyer for certain artificial intelligence tools; etc.
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Testimony (7)
MGA witness listFAV 2FavorableUNF 3UnfavorableINFO 2Information only
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Brennan, Amy | Individual | Oral |
| FAV | Delegate Young, Delegate Younglegislator | Individual | Oral |
| UNF | Fiastro, Johnlobbyist | Individual | Oral + Written (PDF) |
| UNF | Love, William | Individual | Position only |
| UNF | Meyerovich, Mark | Individual | Position only |
| INFO | Anderson, Kevin | Maryland Department of Commerce | Written (PDF) |
| INFO | Harris, Mrs. | Individual | Position only |
Organizations on record
Registered lobbyists who testified
UNFFiastro, JohnRegistered for: Amazon.com Services, LLC; Bayview Management LLC; Bricklayers and Allied Craftworkers Local 1 MD, VA & DC; Building Decarbonization Coalition; Carbon Solutions Group; Cybersecurity Association of Maryland, Inc.…