Hogan optimistic legislation to boost manufacturing tax credits will pass

A bill aimed at expanding Maryland's manufacturing industry using accelerated depreciation and tax incentives has made its way through the Senate.

SB 317, or the More Jobs for Marylanders Act of 2017, passed with amendments on March 23, and only Sen. Roger Manno opposed the bill. The legislation is now pending a vote in the House of Representatives expected to take place this week, and a cross filed bill, HB 394, has yet to be voted on.

Gov. Larry Hogan publicly expressed his hope that the House will pass HB 394 without any amendments Tuesday morning at the headquarters of Marlin Steel Wire Products LLC, a Baltimore manufacturer. He believes the amendments made by the Senate weaken the legislation. One of the changes would no longer allow 10 years of tax breaks to new manufacturing companies that relocate to Maryland.

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