1999 Regular Session

HOUSE BILL 641

File Code: Income
Sponsored By:
Delegates Barve and Hurson
Entitled:
Income Tax - Subtraction Modification for High Technology Venture Capital Investment Rollover

Synopsis:

Allowing a subtraction modification under the Maryland income tax for gain on venture capital investments, as defined, in high technology business enterprises, as defined, that an individual reinvests in a venture capital investment in another high technology business enterprise; and applying the Act to tax years after 1998.

History by Legislative Date

House Action
2/11
First Reading Ways and Means
2/24
Hearing 3/12 at 1:00 p.m.
3/29
Unfavorable Report by Ways and Means
Senate Action
No Action
Sponsored by:
Delegate Kumar P. Barve, District 17
Delegate John Adams Hurson, District 18
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.
EXEMPTIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
INVESTMENTS -see also- SECURITIES
Bill affects the following Statutes:
Tax - General
( 10-207 , 10-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None offered