- Title
- Economic Development – Biotechnology Investment Incentive Tax Credit Program – Alterations
- Sponsored by
- Chair, Budget and Taxation Committee (By Request - Departmental - Commerce)
- Status
- In the House - Hearing 3/25 at 1:30 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Altering eligibility for the Biotechnology Investment Incentive Tax Credit Program by altering the definition of "qualified Maryland biotechnology company"; stating that the purpose of the program is to foster the growth of Maryland's biotechnology industry; altering the maximum percentage, from 15% to 10%, of the Maryland Biotechnology Investment Tax Credit Reserve Fund that a qualified Maryland biotechnology company may receive in a fiscal year; applying the Act to initial credit certificates issued after June 30, 2021; etc.
Committees
- Opposite:
- Ways and Means
Committee Testimony
Details
Bill File Type: Pre-Filed
Effective Date(s): June 1, 2021
By Request of the Governor
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Last Updated: 3/1/2021 2:37 PM