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.
Bill File Type: Regular
Effective Date(s): July 1, 2015
Bill imposes a mandated appropriation in the annual State Budget Bill
|Date Posted||Document Name|
|2/13/2015||Text - First - Income Tax - Angel Investor Tax Credit Program|
( 10-737 )
Last Updated: 2/3/2020 2:29 PM