2006 Regular Session

HOUSE BILL 1139

File Code: Taxes - Income Crossfiled with: SENATE BILL 739
Sponsored By:
Delegates Morhaim, Bartlett, Barve, Bozman, Cardin, Cluster, Feldman, Gilleland, Goodwin, Haynes, Heller, Kaiser, Marriott, McKee, Moe, Ramirez, Rosenberg, and Zirkin
Entitled:
Corporate Income Tax - Tax Credit for Location in a Higher Education-Affiliated Research Park

Synopsis:

Providing a tax credit against the State income tax for eligible expenses of corporations that locate to a higher education-affiliated research park; requiring the Department of Business and Economic Development to administer the tax credit; requiring the Department to adopt regulations jointly with the Comptroller; providing that tax credits for eligible expenses of corporations that locate to a higher education-affiliated research park may be transferred under specified circumstances; etc.

History by Legislative Date

House Action
2/10
First Reading Ways and Means
2/22
Hearing 3/15 at 1:00 p.m.
3/24
Unfavorable Report by Ways and Means
Senate Action
No Action

Sponsored by:

Delegate Dan K. Morhaim, District 11
Delegate Joseph R. Bartlett, District 4A
Delegate Kumar P. Barve, District 17
Delegate K. Bennett Bozman, District 38B
Delegate Jon S. Cardin, District 11
Delegate John W. E. Cluster, Jr., District 8
Delegate Brian J. Feldman, District 15
Delegate Terry R. Gilleland, Jr., District 32
Delegate Marshall T. Goodwin, District 40
Delegate Keith E. Haynes, District 44
Delegate Henry B. Heller, District 19
Delegate Anne R. Kaiser, District 14
Delegate Salima Siler Marriott, District 40
Delegate Robert A. McKee, District 2A
Delegate Brian R. Moe, District 21
Delegate Victor R. Ramirez, District 47
Delegate Samuel I. Rosenberg, District 41
Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.
INCOME TAX
INDUSTRY AND TECHNOLOGY
NOTICES
REPORTS
RULES AND REGULATIONS
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-726 )

Documents:

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