Income Tax - Credit for Businesses Relocating From Another State (Come to Maryland Act)
Sponsor: Marlon Amprey (District 40)Committee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/11 at 1:00 p.m. (as of Dec 1, 2025)
What this bill does
Official synopsis
Allowing, for certain taxable years, a credit against the State income tax for a certain qualified business entity that relocates its headquarters and base of operations from another state to Maryland under certain circumstances; requiring the Department of Commerce to administer the tax credit; allowing a qualified business entity to carry over any excess credit to the next taxable year; and establishing the Business Relocation Council to advertise the tax credit allowed under the Act.
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Testimony (0)
MGA witness listFAV 4Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Coker, Harry | Maryland Department of Commerce | Oral + Written (PDF) |
| FAV | Amprey, Marlon | Individual | Written (PDF) |
| FAV | Delegate Amprey, Delegate Ampreylegislator | Individual | Oral |
| FAV | Lang, Alan | Individual | Position only |