Maryland legislation · 2026 Regular Session
Maryland SB440: Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension
Status: Signed into law, April 14, 2026
Limiting the excess amount of tax credit certificates to $20,000,000 that the Department of Commerce may carry forward and issue in subsequent taxable years for a credit against the State income tax for certain costs related to certain theatrical productions in the State; prohibiting the Secretary from issuing tax credit certificates for credit amounts totaling more than $20,000,000 in the aggregate for a single theatrical production; and extending the termination date to June 30, 2032.
What the bill says
An act concerning Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension FOR the purpose of extending the termination date limiting the excess amount of tax credit certificates that the Department of Commerce may carry forward and issue in subsequent taxable years for a credit against the State income tax for certain costs related to certain theatrical productions in the State; extending the termination date of the credit; and generally relating to the income tax credit for theatrical productions…
From the enrolled text, April 21, 2026:
AN ACT concerning Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension FOR the purpose of extending the termination date limiting the excess amount of tax credit certificates that the Department of Commerce may carry forward and issue in subsequent taxable years for a credit against the State income tax for certain costs related to certain theatrical productions in the State; extending the termination date of the credit; and generally relating to the income tax credit for theatrical productions. BY repealing and reenacting, without amendments, Article - Tax - General Section 10-756(a)(1), (6), and (7) and (b) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Article - Tax - General Section 10-756(f) Annotated Code of Maryland (2022 Replacement Volume and 2025 Supplement) BY repealing and reenacting, with amendments, Chapter 258 of the Acts of the General Assembly of 2022 Section 2 BY repealing and reenacting, with amendments, Chapter 259 of the Acts of the General Assembly of 2022 Section 2 SECTION 1. BE IT ENACTED BY THE GENERAL ASSEMBLY OF MARYLAND, That the Laws of Maryland read as follows: Article - Tax - General 10-756. (a) (1) In this section the following words have the meanings indicated. (6) "Qualified theatrical production facility" means a facility located in the State …