SB1107

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition

Sponsored by:

Senator Manno

Status:

In the House - Favorable Report by Ways and Means


Synopsis:Altering the definition of "qualified Maryland biotechnology company" to extend a specified period of time from a specified date that an active business may claim the biotechnology tax credit; and applying the Act to initial tax credit certificates issued after June 30, 2016.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Manno, Edwards, Feldman, Hough, King, Madaleno, McFadden, Serafini, and Young
Additional Facts:Cross-filed with: HB1554
Bill File Type: Regular
Effective Date(s): June 1, 2016
Committee(s):
Budget and Taxation  View Committee HearingWays and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Industry and Technology
Investments -see also- Securities
Tax Credits -see also- Circuit Breaker
Statutes:Article - Tax - General
(10-725)

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March 29, 2016 4:49 P.M.