Legislation

Increasing from $12 million to $14 million the total amount of research and development tax credits that the Department of Commerce may approve in a calendar year; requiring the Department to make available 25% of the total amount of credits that the Department may approve in a calendar year to small businesses; providing for the use of certain unused credits; altering the definition of "small business"; applying the Act to all Maryland research and development credits certified after December 15, 2017; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Bill File Type: Regular

Effective Date(s): July 1, 2018

History

Legislation History
Chamber House Calendar Date 2/09/2018 Legislative Date 2/09/2018 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Research and Development Tax Credit - Alterations Proceedings
Chamber House Calendar Date 2/12/2018 Legislative Date 2/12/2018 Action Hearing 3/07 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	2/09/2018	2/09/2018	First Reading Ways and Means
			Text - First - Income Tax - Research and Development Tax Credit - Alterations
House	2/12/2018	2/12/2018	Hearing 3/07 at 1:00 p.m.

File Code

Subjects

Statutes