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2018 Regular Session



Income Tax - Research and Development Tax Credit - Alterations

Sponsored by:

Delegate Kaiser


In the House - Hearing 3/07 at 1:00 p.m.

Synopsis:Increasing from $12 million to $14 million the total amount of research and development tax credits that the Department of Commerce may approve in a calendar year; requiring the Department to make available 25% of the total amount of credits that the Department may approve in a calendar year to small businesses; providing for the use of certain unused credits; altering the definition of "small business"; applying the Act to all Maryland research and development credits certified after December 15, 2017; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Kaiser and D. Barnes
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Commerce, Department of
Income Tax
Industry and Technology
Small Business
Tax Credits
Statutes:Article - Tax - General

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March 8, 2018 9:27 A.M.