HB1167 (CH0503)

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Biotechnology Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas

Sponsored by:

Delegate Buckel

Status:

Approved by the Governor - Chapter 503


Synopsis:Providing that the amount of a credit allowed against the State income tax is 75%, not to exceed $500,000, of the investment in qualified Maryland biotechnology companies located in Allegany, Dorchester, Garrett, or Somerset counties; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:Delegates Buckel, Beitzel, Mautz, and Otto
Additional Facts:Cross-filed with: SB0680
Bill File Type: Regular
Effective Date(s): June 1, 2016
Committee(s):
Ways and Means  View Committee HearingBudget and Taxation
Broad Subject(s):Taxes - Income
Narrow Subject(s):Allegany County
Baltimore City
Dorchester County
Garrett County
Industry and Technology
Investments -see also- Securities
Somerset County
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-725)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:04 P.M.