2008 Regular Session

HOUSE BILL 140

CHAPTER NUMBER: 139
File Code: Taxes - Income Prior Year Introduction As: HB 544/07 - W&M
Sponsored By:
Delegates Ross, Barnes, Howard, Hubbard, Kaiser, Elmore, Hixson, Doory, Bartlett, Barve, Cardin, Frick, George, Gilchrist, Ivey, Jennings, Krebs, Serafini, Murphy, Olszewski, Rice, Stukes, F. Turner, and Walker
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 paid or 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 $250,000; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occuring in the Chambers otherwise Calendar date is used.
House Action
1/18
First Reading Ways and Means
1/30
Hearing 2/7 at 11:00 a.m.
2/8
Hearing cancelled
Hearing 2/20 at 2:00 p.m.
3/22
Favorable with Amendments Report by Ways and Means
3/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/20
Third Reading Passed (135-0)
4/4
Returned Passed
Senate Action
3/22
First Reading Budget and Taxation
3/25
Hearing 3/26 at 1:00 p.m.
4/5
Favorable Report by Budget and Taxation
4/2
Favorable Report Adopted
Second Reading Passed
4/3
Third Reading Passed (47-0)
Action after passage in House and Senate
4/24
Approved by the Governor
- Chapter 139

Sponsored by:

Delegate Justin D. Ross, District 22
Delegate Ben Barnes, District 21
Delegate Joseph R. Bartlett, District 4A
Delegate Kumar P. Barve, District 17
Delegate Jon S. Cardin, District 11
Delegate Ann Marie Doory, District 43
Delegate D. Page Elmore, District 38A
Delegate C. William Frick, District 16
Delegate Ron George, District 30
Delegate Jim Gilchrist, District 17
Delegate Sheila E. Hixson, District 20
Delegate Carolyn J. B. Howard, District 24
Delegate James W. Hubbard, District 23A
Delegate Jolene Ivey, District 47
Delegate J. B. Jennings, District 7
Delegate Anne R. Kaiser, District 14
Delegate Susan W. Krebs, District 9B
Delegate Peter Murphy, District 28
Delegate John A. Olszewski, Jr., District 6
Delegate Craig L. Rice, District 15
Delegate Andrew A. Serafini, District 2A
Delegate Melvin L. Stukes, District 44
Delegate Frank S. Turner, District 13
Delegate Jay Walker, District 26

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, Chapter
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments (Displayed in PDF Format):
House
Number: 355662/01     Offered on: March 22, 2008   at: 3:35 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
House
March 20, 2008: Third Reading Passed (135-0)
Senate
April 3, 2008: Third Reading Passed (47-0)