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2015 Regular Session



One Maryland Economic Development Tax Credit - Business Incubators

Sponsored by:

Senator Ferguson


In the Senate - Hearing 2/25 at 1:00 p.m.

Synopsis:Altering eligibility criteria for credits under the One Maryland Economic Development Tax Credit to include persons who establish or expand a business facility that, for specified business incubators, creates at least 25 qualified positions at the facility under specified circumstances; requiring, in order to be certified as a qualified business entity for specified credits, a specified business incubator to submit specified information to the Secretary of Business and Economic Development; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Ferguson, Currie, DeGrange, Eckardt, Edwards, Guzzone, Kasemeyer, King, Madaleno, Manno, McFadden, Peters, Rosapepe, Serafini, and Young
Additional Facts:Cross-filed with: HB0810
Bill File Type: Regular
Effective Date(s): July 1, 2015
Budget and Taxation  View Committee Hearing
Broad Subject(s):Economic and Community Development
Narrow Subject(s):Business and Economic Development, Department of
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Income Tax
Tax Credits -see also- Circuit Breaker
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
(6-401, 6-402, 6-404)
Article - Tax - Property

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October 24, 2017 4:48 P.M.