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2016 Regular Session



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

Sponsored by:

Senator Edwards


In the Senate - Hearing 3/09 at 1:00 p.m.

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 or Baltimore City; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Edwards, Conway, Eckardt, Ferguson, Gladden, Mathias, McFadden, and Pugh
Additional Facts:Cross-filed with: HB1167
Bill File Type: Regular
Effective Date(s): June 1, 2016
Budget and Taxation  View Committee Hearing
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

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October 24, 2017 5:10 P.M.