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Key Votes

SB 1112 - Establishes Tax Credit for Certain Aerospace Businesses - Maryland Key Vote

Timeline

Issues Related to SB 1112

Stage Details

Legislation - Signed (Executive) -

Title: Establishes Tax Credit for Certain Aerospace Businesses

Legislation - Bill Passed (House) (76-57) - (Key vote)
See How Your Politicians Voted

Title: Establishes Tax Credit for Certain Aerospace Businesses

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for certain aerospace and electronics businesses.

Highlights:
  • Authorizes a business operating an aerospace, electronics, or defense contract with at least 10,000 full-time employees to be eligible for an income tax credit of $250 per employee, up to $2.5 million (Sec. 1). 
  • Reduces the tax credit established by the provisions of this bill by a proportionate amount for a business in which the number of full-time employees falls below a rolling average of 10,000 for the past 2 years (Sec. 1).
  • Repeals the tax credit established by the provisions of this bill for a business in which the number of full-time employees falls below a rolling average of 9,000 for the past 2 years (Sec. 1).
Legislation - Bill Passed (Senate) (31-13) - (Key vote)
See How Your Politicians Voted

Title: Establishes Tax Credit for Certain Aerospace Businesses

Vote Result
Yea Votes
Nay Votes
Vote Smart's Synopsis:

Vote to pass a bill that establishes a tax credit for certain aerospace and electronics businesses.

Highlights:
  • Authorizes a business operating an aerospace, electronics, or defense contract with at least 10,000 full-time employees to be eligible for an income tax credit of $250 per employee, up to $2.5 million (Sec. 1). 
  • Reduces the tax credit established by the provisions of this bill by a proportionate amount for a business in which the number of full-time employees falls below a rolling average of 10,000 for the past 2 years (Sec. 1).
  • Repeals the tax credit established by the provisions of this bill for a business in which the number of full-time employees falls below a rolling average of 9,000 for the past 2 years (Sec. 1).
Legislation - Introduced (Senate) -

Title: Establishes Tax Credit for Certain Aerospace Businesses

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