Legislation

Title: Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition
Sponsored by: Senators Manno, Edwards, Feldman, Hough, Kasemeyer, King, Lee, Madaleno, Peters, Serafini, Young, DeGrange, and McFadden
Status: Approved by the Governor - Chapter 476
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering the definition of "qualified Maryland biotechnology company" to extend a specified time period from a specified date that an active business may claim the biotechnology tax credit; altering the definition of "biotechnology company" to include a company that will be primarily engaged in, or within 2 months will be primarily engaged in, specified activities; providing for the revocation of a specified tax credit certificate and the recapture of the tax credit under specified circumstances; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means Click to view Recorded Media

Details

Cross-filed with: HB0373

Introduced in a prior session as: SB1107 Session: 2016 Regular Session

Bill File Type: Regular

Effective Date(s): June 1, 2017

History

Legislation History
Chamber Senate Calendar Date 1/19/2017 Legislative Date 1/19/2017 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition Proceedings
Chamber Senate Calendar Date 1/25/2017 Legislative Date 1/25/2017 Action Hearing 2/08 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 2/20/2017 Legislative Date 2/20/2017 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/21/2017 Legislative Date 2/21/2017 Action Favorable with Amendments {359635/1 Adopted Proceedings 28 Click to view Recorded Media
Chamber Senate Calendar Date 2/21/2017 Legislative Date 2/21/2017 Action Second Reading Passed with Amendments Proceedings 28 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition Proceedings
Chamber Senate Calendar Date 2/23/2017 Legislative Date 2/23/2017 Action Third Reading Passed (45-0) Proceedings 30 Click to view Recorded Media
Chamber House Calendar Date 2/24/2017 Legislative Date 2/24/2017 Action Referred Ways and Means Proceedings 33 Click to view Recorded Media
Chamber House Calendar Date 3/01/2017 Legislative Date 3/01/2017 Action Hearing 3/22 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/05/2017 Legislative Date 4/05/2017 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Favorable with Amendments {185560/1 Adopted Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/05/2017 Legislative Date 3/29/2017 Action Second Reading Passed with Amendments Proceedings 63 Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Floor Amendment {393423/1 (Delegate Mautz) Adopted Proceedings 64 Click to view Recorded Media
Chamber House Calendar Date 4/06/2017 Legislative Date 3/30/2017 Action Third Reading Passed with Amendments (128-12) Proceedings 64 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2017 Legislative Date 4/01/2017 Action Senate Concurs House Amendments Proceedings 61 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2017 Legislative Date 4/01/2017 Action Third Reading Passed (46-0) Proceedings 61 Click to view Recorded Media
Chamber Senate Calendar Date 4/07/2017 Legislative Date 4/01/2017 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition Proceedings
Chamber Post Passage Calendar Date 5/04/2017 Legislative Date 5/04/2017 Action Approved by the Governor - Chapter 476 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/19/2017	1/19/2017	First Reading Budget and Taxation
			Text - First - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition
Senate	1/25/2017	1/25/2017	Hearing 2/08 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	2/20/2017	2/20/2017	Favorable with Amendments Report by Budget and Taxation
Senate	2/21/2017	2/21/2017	Favorable with Amendments {359635/1 Adopted	28 Click to view Recorded Media
Senate	2/21/2017	2/21/2017	Second Reading Passed with Amendments	28 Click to view Recorded Media
			Text - Third - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition
Senate	2/23/2017	2/23/2017	Third Reading Passed (45-0)	30 Click to view Recorded Media
House	2/24/2017	2/24/2017	Referred Ways and Means	33 Click to view Recorded Media
House	3/01/2017	3/01/2017	Hearing 3/22 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/05/2017	4/05/2017	Favorable with Amendments Report by Ways and Means
House	4/05/2017	3/29/2017	Favorable with Amendments {185560/1 Adopted	63 Click to view Recorded Media
House	4/05/2017	3/29/2017	Second Reading Passed with Amendments	63 Click to view Recorded Media
House	4/06/2017	3/30/2017	Floor Amendment {393423/1 (Delegate Mautz) Adopted	64 Click to view Recorded Media
House	4/06/2017	3/30/2017	Third Reading Passed with Amendments (128-12)	64 Click to view Recorded Media
Senate	4/07/2017	4/01/2017	Senate Concurs House Amendments	61 Click to view Recorded Media
Senate	4/07/2017	4/01/2017	Third Reading Passed (46-0)	61 Click to view Recorded Media
Senate	4/07/2017	4/01/2017	Passed Enrolled
			Text - Enrolled - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition
Post Passage	5/04/2017	5/04/2017	Approved by the Governor - Chapter 476
			Text - Chapter - Biotechnology Investment Tax Credit - Qualified Maryland Biotechnology Company - Definition

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