Legislation

Title: Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
Sponsored by: Delegates Barve, Branch, Bromwell, Cardin, Hixson, Ivey, Luedtke, A. Miller, Mitchell, Serafini, and F. Turner
Status: Approved by the Governor - Chapter 109
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Defining "small business" as it relates to a refund in connection with a credit against the State income tax for research and development expenses incurred by an individual or corporation; altering the amount of research and development credits that the Department of Business and Economic Development may approve in a calendar year; providing that specified unused credits may be claimed as a refund; and applying the Act to Maryland research and development tax credits certified after December 15, 2012.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: SB0203

Introduced in a prior session as: HB0943 Session: 2012 Regular Session

Bill File Type: Regular

Effective Date(s): June 1, 2013

History

Legislation History
Chamber House Calendar Date 1/24/2013 Legislative Date 1/25/2013 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/25/2013 Legislative Date 1/25/2013 Action Hearing 2/26 at 1:00 p.m. Proceedings
Chamber House Calendar Date 3/21/2013 Legislative Date 3/22/2013 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/22/2013 Legislative Date 3/19/2013 Action Favorable with Amendments {685460/1 Report Adopted Proceedings 52
Chamber House Calendar Date 3/22/2013 Legislative Date 3/19/2013 Action Second Reading Passed with Amendments Proceedings 52
Chamber House Calendar Date 3/25/2013 Legislative Date 3/21/2013 Action Third Reading Passed (103-27) Proceedings 54
Chamber Senate Calendar Date 3/25/2013 Legislative Date 3/21/2013 Action First Reading Budget and Taxation Proceedings 52
Chamber Senate Calendar Date 3/27/2013 Legislative Date 3/27/2013 Action Hearing 4/03 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 4/05/2013 Legislative Date 4/05/2013 Action Favorable Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 4/05/2013 Legislative Date 4/01/2013 Action Favorable Report Adopted Proceedings 63
Chamber Senate Calendar Date 4/05/2013 Legislative Date 4/01/2013 Action Second Reading Passed Proceedings 63
Chamber Senate Calendar Date 4/08/2013 Legislative Date 4/02/2013 Action Third Reading Passed (47-0) Proceedings 64
Chamber House Calendar Date 4/08/2013 Legislative Date 4/03/2013 Action Returned Passed Proceedings 67
Chamber Post Passage Calendar Date 4/09/2013 Legislative Date 4/09/2013 Action Approved by the Governor - Chapter 109 Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/24/2013	1/25/2013	First Reading Ways and Means
House	1/25/2013	1/25/2013	Hearing 2/26 at 1:00 p.m.
House	3/21/2013	3/22/2013	Favorable with Amendments Report by Ways and Means
House	3/22/2013	3/19/2013	Favorable with Amendments {685460/1 Report Adopted	52
House	3/22/2013	3/19/2013	Second Reading Passed with Amendments	52
House	3/25/2013	3/21/2013	Third Reading Passed (103-27)	54
Senate	3/25/2013	3/21/2013	First Reading Budget and Taxation	52
Senate	3/27/2013	3/27/2013	Hearing 4/03 at 1:00 p.m.
Senate	4/05/2013	4/05/2013	Favorable Report by Budget and Taxation
Senate	4/05/2013	4/01/2013	Favorable Report Adopted	63
Senate	4/05/2013	4/01/2013	Second Reading Passed	63
Senate	4/08/2013	4/02/2013	Third Reading Passed (47-0)	64
House	4/08/2013	4/03/2013	Returned Passed	67
Post Passage	4/09/2013	4/09/2013	Approved by the Governor - Chapter 109

Documents

Date Posted	Document Name
3/22/2013	Amendments House - (Ways and Means) {685460/01 Adopted
1/25/2013	Text - First - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
3/22/2013	Text - Third - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
4/18/2013	Text - Chapter - Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
3/22/2013	Vote - House - Committee - Ways and Means
4/05/2013	Vote - Senate - Committee - Budget and Taxation
3/21/2013	Vote - House Floor - Third Reading Passed (103-27) - 03/21/13
4/02/2013	Vote - Senate Floor - Third Reading Passed (47-0) - 04/02/13

File Code

Subjects

Statutes