Maryland: Tax Credit Evaluation Act

H.B. 764, effective July 1, 2012, enacts the Tax Credit Evaluation Act to establish a process for evaluating state tax credits over a 4-year period from July 1, 2014 through July 1, 2017. Credits included in the evaluation are: the enterprise zone; taxes paid to another state; installment sales; earned income; film production activity; job creation; sustainable communities; neighborhood and community assistance contributions; qualified employees with disabilities; Maryland-mined coal; businesses that create new jobs; certain residential real estate property; telecommunication business property; poverty level; employer-provided long-term care insurance; work-based learning program; One Maryland economic development; employment; employee commuter benefits; child and dependent care expenses; quality teacher incentive; long-term care insurance; clean energy incentive; research and development; green buildings; preservation and conservation easements; aquaculture oyster floats; biotechnology investment; cellulosic ethanol technology; bio-heating oil; and qualified electric vehicle recharging property. The bill also repeals the credit for long-term employment of ex-felons.