Legislation

Title: Biotechnology Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas
Sponsored by: Senators Edwards, Conway, Eckardt, Ferguson, Gladden, Mathias, McFadden, and Pugh
Status: In the Senate - Hearing 3/09 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Providing that the amount of a credit allowed against the State income tax is 75%, not to exceed $500,000, of the investment in qualified Maryland biotechnology companies located in Allegany, Dorchester, Garrett, or Somerset counties or Baltimore City; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB1167

Bill File Type: Regular

Effective Date(s): June 1, 2016

History

Legislation History
Chamber Senate Calendar Date 2/05/2016 Legislative Date 2/05/2016 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/10/2016 Legislative Date 2/10/2016 Action Hearing 3/09 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/05/2016	2/05/2016	First Reading Budget and Taxation
Senate	2/10/2016	2/10/2016	Hearing 3/09 at 1:00 p.m.

Documents

Date Posted	Document Name
2/09/2016	Text - First - Biotechnology Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas

File Code

Subjects

Statutes