Legislation

Title: Income Tax - Angel Investor Tax Credit Program
Sponsored by: Delegates Lierman, Buckel, Ebersole, Hayes, Hornberger, Metzgar, Platt, Shoemaker, and West
Status: In the House - Hearing 3/10 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Allowing a credit against the State income tax for 50% of an investment, not to exceed specified amounts, made in a qualified innovation business; requiring a qualified investor to meet specified requirements in order to be eligible for the credit; requiring the Department of Business and Economic Development to administer the credit; establishing the Maryland Angel Investor Tax Credit Reserve Fund as a special continuing, nonlapsing fund; applying the Act to taxable years after 2014; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: SB0584

Bill File Type: Regular

Effective Date(s): July 1, 2015

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber House Calendar Date 2/12/2015 Legislative Date 2/13/2015 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 2/18/2015 Legislative Date 2/18/2015 Action Hearing 3/10 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/12/2015	2/13/2015	First Reading Ways and Means
House	2/18/2015	2/18/2015	Hearing 3/10 at 1:00 p.m.

Documents

Date Posted	Document Name
2/13/2015	Text - First - Income Tax - Angel Investor Tax Credit Program

File Code

Subjects

Statutes