2012 Regular Session


File Code: Taxes - Income Crossfiled with: SENATE BILL 570
Sponsored By:
Delegate Barve
Income Tax Credit - Qualified Research and Development Expenses - Small Business Refund


Defining "small business" as it relates to a refund in connection with a credit against the State income tax for specified research and development expenses incurred by an individual or corporation; altering the total amount of 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.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
First Reading Ways and Means
Hearing 3/6 at 1:00 p.m.
Senate Action
No Action

Bill indexed under the following Subjects:

Business and Economic Development, Department of
Income Tax
Industry and Technology
Small Business
Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General
( 10-721 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered