SB0681

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

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

Sponsored by:

Senator Edwards

Status:

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 50%, not to exceed $500,000, of the investment in a qualified Maryland cybersecurity company located in Allegany County, Dorchester County, Garrett County, or Somerset County 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: HB1168
Bill File Type: Regular
Effective Date(s): June 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Allegany County
Baltimore City
Dorchester County
Garrett County
Investments -see also- Securities
Somerset County
Tax Credits -see also- Circuit Breaker
Telecommunications and Information Technology
Statutes:Article - Tax - General
(10-733)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:10 P.M.
ChamberCalendar DateLegislative DateActionProceedings
Senate2/5/20162/5/2016First Reading Budget and Taxation
2/10/20162/10/2016Hearing 3/09 at 1:00 p.m.

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 5:10 P.M.