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2018 Regular Session



Income Tax Credit - Qualified Research and Development Expenses - Application for and Procedure to Claim Credit

Sponsored by:

Senator Serafini


In the House - Hearing 3/21 at 1:00 p.m.

Synopsis:Altering the date from September 15 to November 15 by which an individual or a corporation is required to submit a certain application for a certain credit against the State income tax for certain research and development expenses incurred by the individual or corporation; altering the date from December 15 to February 15 by which the Department of Commerce shall certify the credits approved for the individual or corporation; altering the method by which the individual or corporation may claim the credit; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Serafini
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Budget and Taxation  View Committee HearingWays and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Commerce, Department of
Income Tax
Industry and Technology
Tax Credits
Statutes:Article - Tax - General
(10-205, 10-306, 10-721)

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Explanation of Floor Motions and Actions

March 9, 2018 9:52 A.M.