Maryland 2024 Regular Session

Maryland Senate Bill SB1105

Introduced
2/2/24  
Refer
2/2/24  
Report Pass
3/14/24  
Engrossed
3/15/24  
Refer
3/19/24  
Report Pass
4/1/24  
Enrolled
4/4/24  
Chaptered
5/16/24  

Caption

Income Tax - Individual Income Tax Credit Eligibility Awareness Campaign

Impact

The implementation of SB1105 is significant as it introduces a new mechanism for increasing tax credit awareness among Maryland residents. It aims to increase tax compliance and potentially boost state revenue by ensuring that eligible individuals are informed about their rights to claim certain tax credits. This could lead to a measurable increase in the number of claims made, thus promoting financial equity among underserved communities. Additionally, the annual budget will include an appropriation for the campaign, indicating ongoing state support for this initiative.

Summary

SB1105, also known as the Income Tax Eligibility Awareness Campaign, mandates the Maryland Comptroller to implement an awareness campaign aimed at identifying and encouraging individuals to apply for eligible individual income tax credits. This initiative is targeted towards those who may not be currently claiming these credits, particularly underserved individuals who are eligible but unaware of their eligibility. The campaign is expected to run for a specified duration and seeks to leverage data sharing agreements among state agencies to enhance its effectiveness in reaching eligible taxpayers.

Sentiment

The general sentiment around SB1105 appears to be positive, with stakeholders recognizing the importance of helping underserved individuals access available tax credits that they might otherwise overlook. Supporters argue that raising awareness could positively impact the financial well-being of many residents, supporting social equity objectives within the state's tax policies. Nonetheless, there may be concerns about the adequacy of funding and the effectiveness of the campaign in truly reaching and assisting the targeted populations.

Contention

While the bill is generally viewed favorably, potential contention may arise regarding the effectiveness and execution of the awareness campaign. Critics may question whether the allocated resources are sufficient to accomplish the goals set forth by the bill and if the data sharing agreements would adequately protect sensitive information while targeting outreach to eligible individuals. The requirement for regular reporting to the General Assembly could ensure accountability, but concerns about implementation challenges might remain among skeptics of state-led campaigns.

Companion Bills

MD HB845

Crossfiled Income Tax - Individual Income Tax Credit Eligibility Awareness Campaign

Previously Filed As

MD HB1283

Income Tax - Credit for Individuals Without Motor Vehicles

MD SB344

Income Tax - Caregiver Tax Credit

MD HB765

Property and Income Taxes - Credits for Construction and Purchase of Housing in Western Maryland

MD HB680

Income Tax - Student Loan Debt Relief Tax Credit - Alterations

MD SB317

Income Tax - Credit for Energy Efficiency Upgrades - Passive Houses

MD HB181

Four–Day Workweek Pilot Program and Income Tax Credit – Established (Four–Day Workweek Act of 2023)

MD SB207

Income Tax - Octogenarian Credit

MD SB197

Four-Day Workweek Pilot Program and Income Tax Credit - Established (Four-Day Workweek Act of 2023)

MD SB452

Film Production Activity Income Tax Credit - Alterations and Maryland Entertainment Council

MD HB965

Income Tax – Credit for Mold Remediation of Residential Rental Properties

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