HOUSE BILL 544

File Code: Taxes - Income

Sponsored By:

Delegates Ross and Kaiser

Entitled:

Income Tax - Credit for Cellulosic Ethanol Technology Research and Development

Synopsis:

Allowing a credit against the Maryland income tax for specified cellulosic ethanol technology research and development expenses incurred by an individual or corporation; providing for applications to the Department of Business and Economic Development for approval of the credit and certification by the Department to taxpayers of approved credit amounts; limiting the total amount of credits that the Department may approve for any calendar year to $3 million; etc.

History by Legislative and Calendar Date

House Action

2/7

First Reading Ways and Means

2/9

Hearing 2/27 at 1:00 p.m.

3/19

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Justin D. Ross, District 22

Delegate Anne R. Kaiser, District 14

Bill indexed under the following Subjects:

Business and Economic Development, Department of

Comptroller

Fuel -see also- Coal

Income Tax

Industry and Technology

Rules and Regulations

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-205 , 10-306 , 10-306 , 10-726 )

Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered