HOUSE BILL 834

File Code: Taxes - Income Prior Year Introduction As: SB 431/02 - B&T Crossfiled with: SENATE BILL 954

Sponsored By:

Delegate Feldman

Entitled:

Income Tax - Maryland Biotechnology Tax Benefit Certificate Program

Synopsis:

Creating the Maryland Biotechnology Tax Benefit Certificate Program to be administered by the Department of Business and Economic Development; establishing an application process for the transfer of specified tax benefits by biotechnology companies under the Program; requiring the Department to evaluate applications under the Program based on specified criteria; providing that biotechnology companies may surrender tax benefits in exchange for private financial assistance; etc.

History by Legislative Date

House Action

2/8

First Reading Ways and Means

2/22

Hearing 3/15 at 1:00 p.m.

Senate 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

( 5-1901 , 5-1902 , 5-1903 , 5-1904 , 5-1905 , 5-1906 , 5-1907 )

Tax - General

( 10-305 , 10-721 , 10-726 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered