Maryland HB983 modifies and repeals various state tax credits, including those for film production activities, enterprise zones, and cybersecurity.

Maryland HB983 alters and repeals several state tax credits, including those for film production activities, enterprise zones, and cybersecurity technology. It modifies the film production activity tax credit by limiting the amount of credits and the total amount of credits against the State income tax that may be claimed by a business entity each taxable year. The bill also changes the Enterprise Zone Program by limiting the amount of credits and altering the termination dates of certain tax credits.

Maryland HB983 modifies and repeals various state tax credits, including those for film production activities, enterprise zones, and cybersecurity.

Maryland HB983 alters and repeals several state tax credits, including those for film production activities, enterprise zones, and cybersecurity technology. It modifies the film production activity tax credit by limiting the amount of credits and the total amount of credits against the State income tax that may be claimed by a business entity each taxable year. The bill also changes the Enterprise Zone Program by limiting the amount of credits and altering the termination dates of certain tax credits.