- Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition
- Sponsored by
- Senators Manno, Edwards, Feldman, Hough, Kasemeyer, King, Lee, Madaleno, Peters, Serafini, Young, DeGrange, and McFadden
- Approved by the Governor - Chapter 476
- Fiscal and Policy Note (Revised)
Altering the definition of "qualified Maryland biotechnology company" to extend a specified time period from a specified date that an active business may claim the biotechnology tax credit; altering the definition of "biotechnology company" to include a company that will be primarily engaged in, or within 2 months will be primarily engaged in, specified activities; providing for the revocation of a specified tax credit certificate and the recapture of the tax credit under specified circumstances; etc.
( 10-725 )
Last Updated: 2/3/2020 2:33 PM