Bill
Bill > SB440
summary
Introduced
01/30/2026
01/30/2026
In Committee
04/02/2026
04/02/2026
Crossed Over
03/05/2026
03/05/2026
Passed
04/14/2026
04/14/2026
Dead
Signed/Enacted/Adopted
04/14/2026
04/14/2026
Introduced Session
2026 Regular Session
Bill Summary
Limiting the excess amount of tax credit certificates to $20,000,000 that the Department of Commerce may carry forward and issue in subsequent taxable years for a credit against the State income tax for certain costs related to certain theatrical productions in the State; prohibiting the Secretary from issuing tax credit certificates for credit amounts totaling more than $20,000,000 in the aggregate for a single theatrical production; and extending the termination date to June 30, 2032.
AI Summary
This bill modifies the existing income tax credit for theatrical productions by increasing the maximum amount of unused tax credit certificates that the Secretary of Commerce can carry forward and issue in future years from an unspecified amount to $20,000,000, while also capping the total credit amount issued for any single theatrical production at $2,000,000, and extends the program's sunset date, meaning the law's expiration, from June 30, 2027, to June 30, 2032.
Committee Categories
Budget and Finance
Sponsors (7)
Guy Guzzone (D)*,
Jack Bailey (R),
Paul Corderman (R),
Shelly Hettleman (D),
Nancy King (D),
Cory McCray (D),
Johnny Salling (R),
Last Action
Approved by the Governor - Chapter 19 (on 04/14/2026)
Taxonomy
Education
- ‐ Arts and Humanities
Macroeconomics
- ‐ Taxation, Tax Policy, and Tax Reform
bill text
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/SB0440?ys=2026RS | 01/30/2026 |
| BillText | https://mgaleg.maryland.gov/2026RS/Chapters_noln/CH_19_sb0440e.pdf | 04/21/2026 |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/sb/sb0440e.pdf | 04/08/2026 |
| Favorable with Amendments 193924/1 Adopted | https://mgaleg.maryland.gov/2026RS/amds/bil_0000/sb0440_19392401.pdf | 04/03/2026 |
| Vote Image | https://mgaleg.maryland.gov/2026RS/votes_comm/sb0440_w&m.pdf | 04/01/2026 |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/sb/sb0440t.pdf | 03/03/2026 |
| Favorable with Amendments 153925/1 Adopted | https://mgaleg.maryland.gov/2026RS/amds/bil_0000/sb0440_15392501.pdf | 03/03/2026 |
| Vote Image | https://mgaleg.maryland.gov/2026RS/votes_comm/sb0440_b&t.pdf | 03/02/2026 |
| BillText | https://mgaleg.maryland.gov/2026RS/bills/sb/sb0440f.pdf | 01/30/2026 |
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