- Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
- Sponsored by
- Delegates Barve, Branch, Bromwell, Cardin, Hixson, Ivey, Luedtke, A. Miller, Mitchell, Serafini, and F. Turner
- Approved by the Governor - Chapter 109
- Fiscal and Policy Note (Revised)
Defining "small business" as it relates to a refund in connection with a credit against the State income tax for research and development expenses incurred by an individual or corporation; altering the amount of research and development credits that the Department of Business and Economic Development may approve in a calendar year; providing that specified unused credits may be claimed as a refund; and applying the Act to Maryland research and development tax credits certified after December 15, 2012.
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Last Updated: 2/3/2020 2:27 PM