Bill > HB472

This bill modifies the existing theatrical production tax credit program in Maryland by limiting the total amount of excess tax credit certificates that the Secretary of Commerce (referred to as the "Secretary") can carry forward and issue in future years to $20,000,000, and also prohibits the Secretary from issuing tax credit certificates for a single theatrical production that, in total, exceed $2,000,000. Additionally, the bill extends the termination date of this tax credit program from June 30, 2027, to June 30, 2032, meaning the program will continue to be available for qualifying theatrical productions for an additional five years.