HB0386 (CH0109)

2013 Regular Session



Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund

Sponsored by:

Delegate Barve


Approved by the Governor - Chapter 109

Synopsis:Defining "small business" as it relates to a refund in connection with a credit against the State income tax for research and development expenses incurred by an individual or corporation; altering the amount of research and development credits that the Department of Business and Economic Development may approve in a calendar year; providing that specified unused credits may be claimed as a refund; and applying the Act to Maryland research and development tax credits certified after December 15, 2012.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Barve, Branch, Bromwell, Cardin, Hixson, Ivey, Luedtke, A. Miller, Mitchell, Serafini, and F. Turner
Additional Facts:Cross-filed with: SB0203
Introduced in a prior session as: HB0943 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): June 1, 2013
Ways and Means  View Committee HearingBudget and Taxation  Listen to Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Business and Economic Development, Department of
Income Tax
Industry and Technology
Small Business
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General

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October 24, 2017 1:01 P.M.