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MarylandSB 04402026 Regular SessionSenateWALLET

Income Tax - Theatrical Production Tax Credit - Alterations and Sunset Extension

Sponsored By: Guy Guzzone (Democratic)

Signed by Governor

Taxes - IncomeArt, Music, and Cultural Affairs -see also- EthAff; Mus; etcCommerce, Department ofIncome TaxSunsetTax CreditsTheaters

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Bill Overview

Analyzed Economic Effects

3 provisions identified: 1 benefits, 0 costs, 2 mixed.

Refundable tax credit for theatrical productions

Qualified theatrical production entities can claim a Maryland income tax credit equal to the amount on an approved certificate. The Secretary of Commerce approves these certificates for productions performed in Maryland. If the credit is larger than the Maryland income tax owed, the extra amount is paid as a refund. A qualified facility must be located in Maryland and host the production. These rules apply from July 1, 2026 through June 30, 2032.

Caps and carryforward for theater tax credit

The state cannot issue more than $5 million in credit certificates each fiscal year. If less than $5 million is issued, the unused amount carries forward to later years. The total carried from all past years cannot be more than $20 million. No single production can receive over $2 million in certificates. These limits apply from July 1, 2026 through June 30, 2032.

Theater tax credit runs through 2032

The credit applies to taxable years that begin after December 31, 2021 and before January 1, 2032. The act takes effect July 1, 2026. The program ends June 30, 2032.

Sponsors & Cosponsors

Sponsor

  • Guy Guzzone

    Democratic • Senate

Cosponsors

  • Jack Bailey

    Republican • Senate

  • Paul D. Corderman

    Republican • Senate

  • Shelly Hettleman

    Democratic • Senate

  • Nancy J. King

    Senate

  • Cory V. McCray

    Democratic • Senate

  • Johnny Ray Salling

    Republican • Senate

Roll Call Votes

All Roll Calls

Yes: 200 • No: 19

Senate vote • 4/8/2026

Third Reading Passed

Yes: 42 • No: 1 • Other: 4

House vote • 4/7/2026

Third Reading Passed

Yes: 119 • No: 17 • Other: 5

Senate vote • 3/5/2026

Third Reading Passed

Yes: 39 • No: 1 • Other: 7

Actions Timeline

  1. Approved by the Governor - Chapter 19

    4/14/2026

  2. Passed Enrolled

    4/8/2026Senate

  3. Third Reading Passed (42-1)

    4/8/2026Senate

  4. Senate Concurs House Amendments

    4/8/2026Senate

  5. Third Reading Passed (119-17)

    4/7/2026House

  6. Second Reading Passed with Amendments

    4/3/2026House

  7. Favorable with Amendments {193924/1 Adopted

    4/3/2026House

  8. Favorable with Amendments Report by Ways and Means

    4/2/2026House

  9. Hearing 3/25 at 1:30 p.m.

    3/25/2026House

  10. Hearing canceled

    3/25/2026House

  11. Hearing 3/25 at 1:00 p.m.

    3/16/2026House

  12. Referred Ways and Means

    3/6/2026House

  13. Third Reading Passed (39-1)

    3/5/2026Senate

  14. Second Reading Passed with Amendments

    3/3/2026Senate

  15. Favorable with Amendments {153925/1 Adopted

    3/3/2026Senate

  16. Favorable with Amendments Report by Budget and Taxation

    3/2/2026Senate

  17. Hearing 2/11 at 2:00 p.m.

    2/3/2026Senate

  18. First Reading Budget and Taxation

    1/30/2026Senate

Bill Text

  • Enacted

    4/14/2026

    PDF

  • Enrolled

    4/8/2026

    PDF

  • Third Reading

    3/3/2026

    PDF

  • First Reading

    1/30/2026

    PDF

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