HOUSE BILL 142

File Code: Economic and Community Development Prior Year Introduction As: HB 321/06 - W&M

Sponsored By:

Delegates Morhaim, Anderson, Cardin, and Feldman

Entitled:

Business and Economic Development - Biotechnology Investment Incentive Act

Synopsis:

Imposing eligibility restrictions for the State income tax credit allowed for investments in qualified biotechnology companies; altering limits on the amount of credits that may be claimed by specified persons; repealing a provision making the credit refundable under specified circumstances; imposing limits on the amount of credits the Secretary of Business and Economic Development may certify for investments in a single business; repealing provisions providing for the recapture of the credit under specified circumstances; etc.

History by Legislative and Calendar Date

House Action

1/25

First Reading Ways and Means

2/19

Withdrawn

Senate Action

No Action

Sponsored by:

Delegate Dan K. Morhaim, District 11

Delegate Curt Anderson, District 43

Delegate Jon S. Cardin, District 11

Delegate Brian J. Feldman, District 15

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

Investments -see also- Securities

Rules and Regulations

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General

( 10-725 , 10-725 , 10-725 )

Documents:

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

Fiscal and Policy Note: Not available at this time

Amendments: None offered