SB0877 (CH0350)

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Promoting ext-Raordinary Innovation in Maryland's Economy (PRIME Act)

Sponsored by:

President

Status:

Approved by the Governor - Chapter 350


Synopsis:Establishing the Promoting ext-Raordinary Innovation in Maryland's Economy Program within the Department of Commerce to provide certain Fortune 100 companies tax credits and benefits for up to 10 years; requiring the Department to administer the Program; establishing the application and eligibility requirements for a business entity to qualify for tax credits and benefits under the Program; authorizing a credit against the State income tax for certain income of business entities certified under the Program; etc.
Analysis:Fiscal and Policy Note (Revised)
All Sponsors:The President (By Request - Administration) and Senators Cassilly, Edwards, Feldman, Guzzone, Kagan, Kasemeyer, Kelley, King, Klausmeier, Lee, Madaleno, Mathias, Middleton, Serafini, Smith, and Zucker
Additional Facts:Cross-filed with: HB0989
Bill File Type: Regular
Effective Date(s): June 1, 2018
By Request of the Governor
Committee(s):
Budget and Taxation  View Committee Hearing
Finance
Ways and Means  View Committee Hearing
Broad Subject(s):Economic and Community Development
Taxes - Income
Taxes - Property
Taxes - Sales and Use
Narrow Subject(s):Assessments and Taxation, Department of
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Commerce, Department of
Comptroller
Construction
Counties -see also- Chartered Counties; Code Counties
Credit
Disclosure
Exemptions
Forms
Income Tax
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Local Government Mandates
Municipal Corporations -see also- Annap; Balt; Hager; OC
Notices
Privacy
Property Tax
Public Works
Real Property
Reimbursement Rates
Reports
Rules and Regulations
Salaries and Compensation -see also- Overtime; Reimb. Rates
Sales and Use Tax
Sunset
Tax Credits
Telecommunications and Information Technology
Time
Utilities -see also- High Voltage Lines; Telephones; Water
Work, Labor and Employment -see also- Col Barg; Holiday; etc
Statutes:Article - Economic Development
(6-901 through 6-909)
Article - Tax - General
(10-746, 11-234)
Article - Tax - Property
(9-230, 9-111)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


May 11, 2018 2:04 P.M.