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MD HB1246
MD HB1246Prince George's County - Income Tax Credit for Parent and Guardian Volunteers in Elementary and Secondary Schools PG 411-24
summary
Introduced
02/08/2024
02/08/2024
In Committee
02/08/2024
02/08/2024
Crossed Over
Passed
Dead
04/08/2024
04/08/2024
Introduced Session
2024 Regular Session
Bill Summary
Allowing certain eligible taxpayers who volunteer in certain schools in Prince George's County a credit against the State income tax in an amount equal to $20 for each volunteer hour, not to exceed $500; requiring the State Department of Education, in consultation with the Comptroller, to develop and make available a certain application and tax credit certificate; requiring a certain county board member or school administrator to issue tax credit certificates in a certain manner; making the credit refundable; etc.
AI Summary
This bill allows certain eligible taxpayers in Prince George's County, Maryland, who volunteer at public or private elementary or secondary schools, to claim a refundable tax credit of $20 for each volunteer hour, up to a maximum of $500 per year. To claim the credit, eligible taxpayers must be the parent or legal guardian of a student enrolled at the school where they volunteer. The State Department of Education, in consultation with the Comptroller, will develop an application and tax credit certificate process, and school administrators or county board members will issue the certificates. The bill will take effect on July 1, 2024, and apply to tax years beginning after December 31, 2023.
Committee Categories
Budget and Finance
Sponsors (0)
No sponsors listed
Last Action
Withdrawn by Sponsor (on 03/06/2024)
bill text
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1246?ys=2024RS |
| Vote Image | https://mgaleg.maryland.gov/2024RS/votes_comm/hb1246_w&m.pdf |
| BillText | https://mgaleg.maryland.gov/2024RS/bills/hb/hb1246f.pdf |
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