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MD SB408

MD SB408
Income Tax Credit - Parent of Stillborn Child


summary

Introduced
01/24/2022
In Committee
02/28/2022
Crossed Over
Passed
Dead
04/11/2022

Introduced Session

Potential new amendment
2022 Regular Session

Bill Summary

Allowing a parent of a stillborn child a refundable credit of $1,000 against the State income tax for each birth for which a certain certificate of birth resulting in stillbirth or a certificate of fetal death has been issued.

AI Summary

This bill allows a parent of a stillborn child to claim a refundable tax credit of $1,000 against their Maryland state income tax for each stillbirth, provided they have a certificate of birth resulting in stillbirth or a certificate of fetal death from another state. The credit can only be claimed for the taxable year in which the stillbirth occurred, and if the credit exceeds the parent's state income tax liability, they can claim a refund for the excess amount. The bill takes effect on July 1, 2022, and applies to all taxable years beginning after December 31, 2021.

Committee Categories

Budget and Finance, Health and Social Services

Sponsors (1)

Last Action

Motion Recommit to Committee (Senator Guzzone) Adopted (on 03/08/2022)

bill text


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