Legislation

Allowing a credit against the State income tax for 50% of an investment, not to exceed specified amounts, made in a qualified innovation business; requiring a qualified investor to meet specified requirements in order to be eligible for the credit; requiring the Department of Business and Economic Development to administer the credit; establishing the Maryland Angel Investor Tax Credit Reserve Fund as a special continuing, nonlapsing fund; applying the Act to taxable years after 2014; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Details

Cross-filed with: HB0789

Bill File Type: Regular

Effective Date(s): July 1, 2015

Bill imposes a mandated appropriation in the annual State Budget Bill

History

Legislation History
Chamber Senate Calendar Date 2/09/2015 Legislative Date 2/06/2015 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 2/11/2015 Legislative Date 2/11/2015 Action Hearing 2/25 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/09/2015	2/06/2015	First Reading Budget and Taxation
Senate	2/11/2015	2/11/2015	Hearing 2/25 at 1:00 p.m.

Documents

Date Posted	Document Name
2/10/2015	Text - First - Income Tax - Angel Investor Tax Credit Program

File Code

Subjects

Statutes