summary
Introduced
01/10/2024
01/10/2024
In Committee
01/10/2024
01/10/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
AN ACT concerning Sales and Use Tax - Tax-Free Day - Veterans’ Day FOR the purpose of establishing a tax-free day each year during which an exemption from the sales and use tax is provided for sales to certain veterans; requiring an individual, in order to qualify for the exemption, to provide to the vendor evidence of eligibility for the exemption; and generally relating to a sales and use tax exemption for veterans. BY adding to Article - Tax - General Section 11-246 Annotated Code of Maryland (2022 Replacement Volume and 2023 Supplement)
AI Summary
This bill establishes a tax-free day each year on November 11 (Veterans' Day) during which the sales and use tax will not apply to sales made to veterans in the state of Maryland. To qualify for the exemption, an individual must provide evidence of their status as a veteran, such as a valid driver's license or government-issued ID card with a notation indicating their veteran status. The bill defines a "veteran" as an individual who has served on active duty in the U.S. Armed Forces, a Reserve component, or the National Guard, and was discharged or released under conditions other than dishonorable. The bill will take effect on July 1, 2024.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Budget and Taxation Hearing (13:00:00 1/24/2024 ) (on 01/24/2024)
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0176?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0176f.pdf |
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