2009 Regular Session

SENATE BILL 800

File Code: Taxes - Income Crossfiled with: HOUSE BILL 493
Sponsored By:
Senators King and Jones
Entitled:
Biotechnology Investment Incentive Tax Credit

Synopsis:

Altering the definition of "qualified investor" under the Maryland Biotechnology Investment Incentive Tax Credit; specifying that the credit may be claimed for the taxable year in which an investment is made; repealing obsolete language; clarifying provisions requiring the recapture of the credit under specified circumstances; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
2/6
First Reading Budget and Taxation
3/4
Hearing 3/18 at 1:00 p.m.
3/12
Hearing cancelled
Hearing 3/19 at 1:00 p.m.
3/23
Favorable with Amendments Report by Budget and Taxation
3/24
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/26
Third Reading Passed (47-0)
4/1
Returned Passed
House Action
3/23
First Reading Ways and Means
3/27
Hearing 4/2 at 1:00 p.m.
3/31
Hearing cancelled
Hearing 4/1 at 1:00 p.m.
4/2
Favorable Report by Ways and Means
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (137-0)
Action after passage in Senate and House
5/19
Approved by the Governor
- Chapter 605

Sponsored by:

Senator Nancy J. King, District 39
Senator Verna L. Jones, District 44

Bill indexed under the following Subjects:

Income Tax
Industry and Technology
Investments -see also- Securities
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General
( 10-725 , 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
Senate
Number: 659236/01     Offered on: March 24, 2009   at: 12:30 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 26, 2009: Third Reading Passed (47-0)
House
March 30, 2009: Third Reading Passed (137-0)