2002 Regular Session

SENATE BILL 431

File Code: Taxes - Income Prior Year Introduction As: SB 801/01 - B&T
Sponsored By:
Senator Hogan (Montgomery County Administration)
Entitled:
Maryland Biotechnology Companies - Tax Benefit Certificate Program

Synopsis:

Creating the Maryland Biotechnology Tax Benefit Certificate Program; establishing criteria for approval of applications; providing that new or expanding biotechnology companies may surrender net operating loss and research and development tax benefits in exchange for private financial assistance; establishing an addition modification to, and a credit against, the corporate income tax; etc.

History by Legislative Date

Senate Action
1/31
First Reading Budget and Taxation
2/13
Hearing 3/6 at 1:30 p.m.
3/5
Hearing cancelled
3/11
Withdrawn
House Action
No Action
Bill indexed under the following Subjects:
BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
LOANS -see also- MORTGAGES
RULES AND REGULATIONS
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statutes:
Article - 83A Department of Business and Economic Development
( 5-1701 , 5-1702 , 5-1703 , 5-1704 , 5-1705 , 5-1706 , 5-1707 )
Tax - General
( 10-305 , 10-721 , 10-724 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered