Read the full stored bill text
EXPLANATION: CAPITALS INDICATE MATTER ADDED TO EXISTING LAW.
[Brackets] indicate matter deleted from existing law.
Underlining indicates amendments to bill.
Strike out indicates matter stricken from the bill by amendment or deleted from the law by
amendment.
*hb0472*
HOUSE BILL 472
Q3 6lr2575
CF SB 440
By: Delegates Feldmark, Ivey, Acevero, Allen, Boyce, Coley, Hill, Lehman, Lewis,
Ross, Solomon, Terrasa, Toles, Tomlinson, Watson, and Ziegler
Introduced and read first time: January 23, 2026
Assigned to: Ways and Means
Committee Report: Favorable with amendments
House action: Adopted
Read second time: March 9, 2026
CHAPTER ______
AN ACT concerning 1
Income Tax – Theatrical Production Tax Credit – Alterations and Sunset 2
Extension 3
FOR the purpose of extending the termination date limiting the excess amount of tax credit 4
certificates that the Department of Commerce may carry forward and issue in 5
subsequent taxable years for a credit against the State income tax for certain costs 6
related to certain theatrical productions in the State; extending the termination date 7
of the credit; and generally relating to the income tax credit for theatrical 8
productions. 9
BY repealing and reenacting, without amendments, 10
Article – Tax – General 11
Section 10–756(a)(1), (6), and (7) and (b) 12
Annotated Code of Maryland 13
(2022 Replacement Volume and 2025 Supplement) 14
BY repealing and reenacting, with amendments, 15
Article – Tax – General 16
Section 10–756(f) 17
Annotated Code of Maryland 18
(2022 Replacement Volume and 2025 Supplement) 19
BY repealing and reenacting, with amendments, 20
Chapter 258 of the Acts of the General Assembly of 2022 21
2 HOUSE BILL 472
Section 2 1
BY repealing and reenacting, with amendments, 2
Chapter 259 of the Acts of the General Assembly of 2022 3
Section 2 4
SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, 5
That the Laws of Maryland read as follows: 6
Article – Tax – General 7
10–756. 8
(a) (1) In this section the following words have the meanings indicated. 9
(6) “Qualified theatrical production facility” means a facility located in the 10
State in which a theatrical production is performed. 11
(7) “Secretary” means the Secretary of Commerce. 12
(b) (1) A qualified theatrical production entity may claim a credit against the 13
State income tax for theatrical production activities in the State in an amount equal to the 14
amount stated in the tax credit cert ificate approved by the Secretary for a theatrical 15
production. 16
(2) If the tax credit allowed under this section in any taxable year exceeds 17
the total tax otherwise payable by the qualified theatrical production entity for that taxable 18
year, the qualifie d theatrical production entity may claim a refund in the amount of the 19
excess. 20
(f) (1) Except as provided in paragraph (2) of this subsection, the Secretary 21
may not issue tax credit certificates for credit amounts in the aggregate totaling more than 22
$5,000,000 in any fiscal year. 23
(2) [If] SUBJECT TO THE LIMITATION UNDER PARAGRAPH (3) OF THIS 24
SUBSECTION, IF the aggregate credit amounts under the tax credit certificates issued by 25
the Secretary total less than the maximum provided under paragraph (1) of this subsection 26
in any fiscal year, any excess amount may be carried forward and issued under tax credit 27
certificates in a subsequent fiscal year. 28
(3) THE AGGREGATE AMOUNT CARRIED FORWARD FROM ALL PRIOR 29
FISCAL YEARS IN ACCORDANCE WITH PARAGRAPH (2) OF THIS SUBSECTION MAY NOT 30
EXCEED $20,000,000. 31
(4) The Secretary may not issue tax credit certificates for credit amounts 32
totaling more than $2,000,000 in the aggregate for a single theatrical production. 33
HOUSE BILL 472 3
Chapter 258 of the Acts of 2022 1
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 2
1, 2022, and shall be applicable to all taxable years beginning after December 31, 2021, but 3
before January 1, [2027] 2032. It shall remain effective for a period of [5] 10 years and, at 4
the end of June 30, [2027] 2032, this Act, with no further action required by the General 5
Assembly, shall be abrogated and of no further force and effect. 6
Chapter 259 of the Acts of 2022 7
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 8
1, 2022, and shall be applicable to all taxable years beginning after December 31, 2021, but 9
before January 1, [2027] 2032. It shall remain effective for a period of [5] 10 years and, at 10
the end of June 30, [2027] 2032, this Act, with no fur ther action required by the General 11
Assembly, shall be abrogated and of no further force and effect. 12
SECTION 2. AND BE IT FURTHER ENACTED, That this Act shall take effect July 13
1, 2026. 14
Approved:
________________________________________________________________________________
Governor.
________________________________________________________________________________
Speaker of the House of Delegates.
________________________________________________________________________________
President of the Senate.