HB1450

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax - Research and Development Tax Credit - Alterations

Sponsored by:

Delegate Kaiser

Status:

In the House - Hearing 3/07 at 1:00 p.m.


Synopsis:Increasing from $12 million to $14 million the total amount of research and development tax credits that the Department of Commerce may approve in a calendar year; requiring the Department to make available 25% of the total amount of credits that the Department may approve in a calendar year to small businesses; providing for the use of certain unused credits; altering the definition of "small business"; applying the Act to all Maryland research and development credits certified after December 15, 2017; etc.
Analysis:Not available at this time
All Sponsors:Delegates Kaiser and D. Barnes
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Committee(s):
Ways and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Commerce, Department of
Income Tax
Industry and Technology
Small Business
Tax Credits
Statutes:Article - Tax - General
(10-721)

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February 9, 2018 3:54 P.M.