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MD HB483

MD HB483
Income Tax Credit - Venison Donation - Alterations


summary

Introduced
01/20/2025
In Committee
01/20/2025
Crossed Over
Passed
Dead
04/08/2025

Introduced Session

2025 Regular Session

Bill Summary

Repealing the limitation on the maximum amount of a credit against the State income tax that an individual may claim for certain expenses incurred for a donation of deer meat to certain organizations; and applying the Act to all taxable years beginning after December 31, 2024.

AI Summary

This bill modifies the existing Maryland state tax credit for hunters who donate deer meat to qualified charitable organizations by removing the current $300 annual credit cap. Under the existing law, hunters who harvest an antlerless deer and donate the processed meat to a 501(c)(3) nonprofit venison donation program can claim up to $75 in tax credits for butchering and processing expenses, but were previously limited to a total of $300 in credits per year. The new bill eliminates this $300 limitation, allowing hunters to potentially claim more credits if they donate multiple deer. The bill will take effect on July 1, 2025, and apply to all taxable years beginning after December 31, 2024. Additionally, the bill maintains other existing requirements, such as compliance with state hunting laws and donation to a qualifying nonprofit organization. Hunters claiming the credit will also continue to receive liability immunity for their donated food. Venison donation programs will still be required to report donor information to the state Comptroller annually.

Committee Categories

Budget and Finance

Sponsors (10)

Last Action

House Ways and Means Hearing (13:00:00 2/6/2025 ) (on 02/06/2025)

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