Proposed Maryland Firearm Legislation HB250
Legislation Overview
Title: Income Tax - Credit for Firearm Safety Devices
Subject: Taxes - Income: Comptroller: Equipment: Guns: Income Tax: Safety: Storage: Tax Credits: Tax Returns
Description: Allowing a credit against the State income tax for the purchase of certain firearm safety devices in an amount equal to the lesser of 100% of the purchase price or $200 during the taxable year; allowing an individual to carry over any excess credit to the next taxable year; requiring the Comptroller to establish a process to issue tax credit certificates; limiting the aggregate allowable amount of credits to $250,000 for any taxable year; and applying the Act to all taxable years beginning after December 31, 2024.
Session: 2025 Regular Session
Last Action: Hearing 1/30 at 1:00 p.m.
Last Action Date: January 13, 2025
Sponsors
Note: the first sponsor listed is normally the primary sponsor. If a sponsor's name is a hyperlink you can click on it to 'follow the money'.
1 sponsors: Joe Vogel (D);
Percentage of House Of Delegates sponsoring bill: 1% (1 of 141)
History
| Chamber | Date | Action |
| House | Jan 13, 2025 | Hearing 1/30 at 1:00 p.m. |
| House | Jan 8, 2025 | First Reading Ways and Means |
| House | Oct 29, 2024 | Pre-filed |
Texts
| Type | Date | State Link | Text |
| Introduced | Jan 3, 2025 | state link | bill text |
Amendments
| Title | Description | Date | State Link | Text | Adopted |
| There are no amendments to this bill at this time | |||||
Votes - Click on description to view vote roll call
There have not been any votes on this bill
Link: link to state bill page
