Maryland House Bill HB85

Maryland 2022 Regular Session

• Introduced: 1/12/22
• Refer: 1/12/22

Caption

Income Tax – Healthy Indoor Air Quality Tax Credit

Impact

If passed, this bill will allow qualified taxpayers to claim a tax credit equal to 50% of the costs incurred during the taxable year for approved indoor air quality improvements. The total credit amount is capped at $1,000 for individuals and $2,000 for small businesses, promoting enhancements in air quality for those who may face financial barriers to upgrading their systems. Additionally, this act mandates the Maryland Comptroller to maintain and publish an annually updated list of approved equipment, thereby ensuring transparency and accessibility in the program.

Summary

House Bill 85, also known as the Healthy Indoor Air Quality Tax Credit, is designed to offer tax benefits for homeowners and small businesses that purchase and install approved indoor air quality equipment. By incentivizing the adoption of technologies that improve indoor air quality, the bill aims to enhance health conditions within residential and commercial environments. The legislation includes specific criteria for what constitutes eligible equipment and requires that installations are carried out by licensed contractors.

Contention

Discussions around HB 85 highlight potential concerns regarding the prohibition of issuing eligibility certificates during declared states of emergency, which may limit access to the tax credits precisely when such improvements might be most needed. Critics argue that this clause could undermine support for residents during critical times, while supporters contend it is necessary to maintain clarity and regulation within the program. The bill reflects a significant step towards prioritizing indoor health conditions but raises questions about balance between regulatory oversight and immediate consumer support.