MD Senate Bill 881

by | Feb 1, 2023

MD Senate Bill 881FOR the purpose ofallowing certain employers to claim a credit against the State income tax in a certain amount for certain wages paid to certain individuals with barriers to employment; providing that the credit may not exceed a certain amount and...

MD Senate Bill 881 Fiscal and Policy Note

by | Feb 1, 2023

MD Senate Bill 881 Fiscal and Policy NoteThis bill creates a nonrefundable credit against the State income tax for up to 100% of the federal Work Opportunity Tax Credit claimed for the employment of an individual who under the federal credit is a qualified recipient...

MD House Bill 2 Fiscal and Policy Note and Legislation

by | Feb 1, 2023

MD House Bill 2 Fiscal and Policy Note and LegislationThis bill creates a nonrefundable credit against the State income tax for up to 100% of the federal Work Opportunity Tax Credit claimed by an employer. Any unused amount of the credit may not be carried forward to...

HB2 Maryland’s Work Opportunity Tax Credit

by | Feb 1, 2023

HB2 Maryland’s Work Opportunity Tax CreditHB2 is modeled on awidely supported federal tax credit known as the Work Opportunity Tax Credit, or WOTC, that has been law since 1996. WOTC is supported by a broad-based coalition as it provides employers a modest tax...