File Code: Taxes - Income
Crossfiled with: HOUSE BILL 311
- Sponsored By:
-
The President (By Request - Administration) and Senators
Brinkley, Colburn, Giannetti, Haines, Hooper, Jacobs, Kittleman,
Munson, Schrader, Stoltzfus, and Teitelbaum
- Entitled:
-
Business and Economic Development - Research and Development Tax
Credit
Increasing from $3,000,000 to $6,000,000 the aggregate amount of
credits that may be approved by the Department of Business and
Economic Development for any calendar year for each component of the
Maryland research and development tax credit; limiting to $500,000 the
amount of credit that an individual or corporation may obtain in a
calendar year for each component of the credit; etc.
Senate Action
- 1/23
- First Reading Budget and Taxation
- Motion Rules Suspended Referred (Senator Green) Adopted
- Referred Budget and Taxation
- 2/15
- Hearing 3/1 at 1:00 p.m.
House Action
- No Action
Sponsored by:
- President of the Senate
- Administration
- Senator David R. Brinkley, District 4
- Senator Richard F. Colburn, District 37
- Senator John A. Giannetti, Jr., District 21
- Senator Larry E. Haines, District 5
- Senator J. Robert Hooper, District 35
- Senator Nancy Jacobs, District 34
- Senator Allan H. Kittleman, District 9
- Senator Donald F. Munson, District 2
- Senator Sandra B. Schrader, District 13
- Senator J. Lowell Stoltzfus, District 38
- Senator Leonard H. Teitelbaum, District 19
Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- INCOME TAX
- INDUSTRY AND TECHNOLOGY
- TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
- Tax - General
- (
10-721
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered