2001 Regular Session

SENATE BILL 456

CHAPTER NUMBER: 152 File Code: Taxes - Income Crossfiled with: HOUSE BILL 920
Sponsored By:
Senator Hogan
Entitled:
Maryland Research and Development Tax Credit - Maximum Approved Credit

Synopsis:

Increasing the maximum amount of credits that the Department of Business and Economic Development may approve for a calendar year for one component of the Maryland Research and Development Tax Credit if the maximum amount under the other component exceeds the total credits applied for under the second component; and applying the Act to tax years after 1999.

History by Legislative Date

Senate Action
2/2
First Reading Budget and Taxation
2/7
Hearing 2/21 at 1:30 p.m.
3/6
Favorable Report by Budget and Taxation
3/7
Favorable Report Adopted
Second Reading Passed
3/9
Third Reading Passed (45-0)
4/2
Returned Passed
4/20
Signed by the Governor Chapter 152
House Action
3/12
First Reading Ways and Means
3/14
Hearing 3/29 at 1:00 p.m.
4/4
Favorable Report by Ways and Means
3/30
Favorable Report Adopted
Second Reading Passed
3/31
Third Reading Passed (137-0)
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
INCOME TAX
INDUSTRY AND TECHNOLOGY
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Tax - General
( 10-721 , 10-721 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
March 9, 2001: Third Reading Passed (45-0)
House
March 31, 2001: Third Reading Passed (137-0)