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MD SB721
MD SB721Prince George's County - Income Tax - Credit for Employers Providing Parental Engagement Leave
summary
Introduced
01/31/2024
01/31/2024
In Committee
01/31/2024
01/31/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Allowing employers who provide certain parental engagement leave to certain qualified employees during the taxable year a credit against the State income tax; requiring the State Department of Education, in consultation with the Comptroller, to develop and make available a certain certification form; requiring a certain qualified employee to obtain the signatures of a certain county board member and certain school personnel under certain circumstances; and making the credit refundable under certain circumstances.
AI Summary
This bill allows employers in Prince George's County to claim a tax credit for providing "parental engagement leave" to their qualified employees. Qualified employees are defined as parents or legal guardians of a student in a Prince George's County public or private school. The bill requires the leave to be at least 10 but no more than 20 hours per employee, paid at their normal wage rate, and supplementary to any other leave provided by the employer. To claim the credit, the employer must obtain a certification form from the employee, which the employee must get signed by school officials to prove they attended a school-related meeting or event during the leave. The credit is refundable if it exceeds the employer's state income tax liability.
Committee Categories
Budget and Finance
Sponsors (1)
Last Action
Senate Budget and Taxation Hearing (13:00:00 2/14/2024 ) (on 02/14/2024)
bill text
bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0721?ys=2024RS |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/sb/sb0721f.pdf |
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