Legislation

Title: Biotechnology Investment Tax Credit - Approval of Applications - Competitive Award Process
Sponsored by: Delegate Tarlau
Status: In the House - First Reading House Rules and Executive Nominations
Analysis

Synopsis

Requiring that applications for a credit against the State income tax for investments in biotechnology companies be awarded on a competitive basis; requiring the Department of Commerce to develop certain criteria for the approval of applications for the tax credit that are based on certain criteria used to award financial assistance under certain programs; applying the Act to all biotechnology investment tax credit certificates issued on or after June 30, 2018; etc.

Committees

Original:: Rules and Executive Nominations

Details

Bill File Type: Regular

Effective Date(s): June 1, 2018

History

Legislation History
Chamber House Calendar Date 2/22/2018 Legislative Date 2/22/2018 Action First Reading House Rules and Executive Nominations Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Biotechnology Investment Tax Credit - Approval of Applications - Competitive Award Process Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	2/22/2018	2/22/2018	First Reading House Rules and Executive Nominations
			Text - First - Biotechnology Investment Tax Credit - Approval of Applications - Competitive Award Process

File Code

Subjects

Statutes