Maryland HB472 extends the Theatrical Production Tax Credit and alters its sunset date.

Maryland HB472 amends the Theatrical Production Tax Credit to extend its effective period until June 30, 2032. The credit, which provides tax relief for certain costs related to theatrical productions in the state, was initially set to expire after June 30, 2027. This change ensures the credit remains available for productions starting after December 31, 2021, and before January 1, 2032. The act will automatically sunset on June 30, 2032, without further legislative action.

Maryland HB472 extends the Theatrical Production Tax Credit and alters its sunset date.

Maryland HB472 amends the Theatrical Production Tax Credit to extend its effective period until June 30, 2032. The credit, which provides tax relief for certain costs related to theatrical productions in the state, was initially set to expire after June 30, 2027. This change ensures the credit remains available for productions starting after December 31, 2021, and before January 1, 2032. The act will automatically sunset on June 30, 2032, without further legislative action.