Section 1-206 – Report on Implementation of Certain Tax Credits
(a) This section does not apply to an income tax credit that: (1) was authorized under Title 10, Subtitle 7 of this article before July 1, 2021; or (2) has an annual fiscal impact of less than $5,000,000. (b) Within 1 year after the enactment of an income tax credit authorized under Title 10, Subtitle 7 of this article, […]
Section 1-408 – Adoption of Regulations on Submissions by Whistleblowers and Determinations of Awards
The Comptroller shall adopt regulations to implement this subtitle, including regulations establishing procedures for the submission of original information by whistleblowers and protocols governing the determination of awards in accordance with this subtitle and the timely payment of awards to whistleblowers.
Section 1-207 – Tax Clinics for Low-Income Marylanders Fund — Purpose — Administration — Funding — Use for Grants — Investments — Expenditures
(a) In this section, “Fund” means the Tax Clinics for Low–Income Marylanders Fund. (b) There is a Tax Clinics for Low–Income Marylanders Fund. (c) The purpose of the Fund is to provide grants to the University of Maryland School of Law, the University of Baltimore School of Law, and the Maryland Volunteer Lawyers Service to operate tax clinics […]
Section 1-301 – Definitions
(a) In this subtitle the following words have the meanings indicated. (b) “Department” means the Department of Legislative Services. (c) “Evaluation” means the process of legislative review of a tax credit, exemption, or preference for which this subtitle provides.
Section 1-302 – Purpose
The purpose of this subtitle is to establish a system of legislative review that will determine whether a tax credit, exemption, or preference is necessary for the public interest.
Section 1-303 – Tax Credit Evaluations
(a) Subject to subsections (b) and (c) of this section, on a request by the Senate Budget and Taxation Committee, the House Committee on Ways and Means, the Executive Director of the Department, or the Director of the Office of Policy Analysis in the Department, the Department shall conduct an evaluation of a State tax credit, […]
Section 1-304 – Consultation and Preparation
For each evaluation required under this subtitle, the Department shall: (1) consult with: (i) the Department of Budget and Management; (ii) the Comptroller; and (iii) the department, instrumentality of the State, or local government that administers the tax credit, exemption, or preference under evaluation; and (2) prepare a plan for the evaluation.
Section 1-305 – Providing Information and Cooperation
During an evaluation, the Comptroller, the Department of Budget and Management, and the department, instrumentality of the State, or local government that administers the tax credit, exemption, or preference shall: (1) provide promptly any information that the Department requests; and (2) otherwise cooperate with the Department.
Section 1-306 – Evaluation on Tax Credits — Report to General Assembly
(a) The Department shall prepare a report on the evaluation that: (1) discusses, to the degree relevant: (i) the purpose for which the tax credit, exemption, or preference was established; (ii) whether the original intent of the tax credit, exemption, or preference is still appropriate; (iii) whether the tax credit, exemption, or preference is meeting its objectives; (iv) whether the purposes […]
Section 1-307 – Short Title
This subtitle may be cited as the “Tax Expenditure Evaluation Act”.