Bill > HB472

This bill extends the termination date for a state income tax credit designed to support theatrical productions within the state, effectively prolonging the incentive for a longer period. The credit, which helps offset certain costs associated with these productions, was originally set to expire at the end of June 2027, but this legislation pushes that expiration date back to June 30, 2032. This extension doubles the duration of the credit's effectiveness from five years to ten years, meaning it will apply to taxable years beginning after December 31, 2021, and before January 1, 2032, before automatically expiring without further legislative action.

Budget and Finance

https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0472?ys=2026RS