Maryland SB440 amends the income tax credit for theatrical productions, extending its sunset date.

Maryland SB440 revises the income tax credit for theatrical productions by extending its sunset date. The bill repeals and reenacts Chapter 258 and Chapter 259 of the Acts of the General Assembly of 2022, modifying the credit's applicability period. The changes ensure the credit remains effective for taxable years beginning after December 31, 2021, but before January 1, 2032. The credit will be abrogated and of no further force and effect at the end of June 30, 2032, without further action required by the General Assembly.

Maryland SB440 amends the income tax credit for theatrical productions, extending its sunset date.

Maryland SB440 revises the income tax credit for theatrical productions by extending its sunset date. The bill repeals and reenacts Chapter 258 and Chapter 259 of the Acts of the General Assembly of 2022, modifying the credit's applicability period. The changes ensure the credit remains effective for taxable years beginning after December 31, 2021, but before January 1, 2032. The credit will be abrogated and of no further force and effect at the end of June 30, 2032, without further action required by the General Assembly.