File Code: Taxes - Income
Crossfiled with: SENATE BILL 217
- Sponsored By:
-
The Speaker (By Request - Administration) and Delegates Aumann,
Bartlett, Bates, Bohanan, Boschert, Cluster, Costa, Cryor, DeBoy,
Donoghue, Edwards, Elliott, Frank, Fulton, Gilleland, Hammen,
Impallaria, Jameson, Kach, Krebs, Leopold, McKee, Minnick, O'Donnell,
Parrott, Shank, Shewell, Taylor, Trueschler, and Walkup
- Entitled:
-
Research and Development Tax Credit
Increasing from $3,000,000 to $6,000,000 the maximum amount of credits
the Department of Business and Economic Development may approve in a
calendar year for each component of the Maryland Research and
Development Tax Credit; decreasing the number of succeeding years
during which an individual or corporation may apply an excess as a
credit against State income tax; extending the time period during
which the research and development tax credit may be taken by
qualified business entities; etc.
House Action
- 1/25
- First Reading Ways and Means
- 2/16
- Hearing 3/9 at 1:00 p.m.
Senate Action
- No Action
Sponsored by:
- Speaker of the House of Delegates
- Administration
- Delegate Susan L. M. Aumann, District 42
- Delegate Joseph R. Bartlett, District 4A
- Delegate Gail H. Bates, District 9A
- Delegate John L. Bohanan, Jr., District 29B
- Delegate David G. Boschert, District 33A
- Delegate John W. E. Cluster, Jr., District 8
- Delegate Robert A. Costa, District 33B
- Delegate Jean B. Cryor, District 15
- Delegate Steven J. DeBoy, Sr., District 12A
- Delegate John P. Donoghue, District 2C
- Delegate George C. Edwards, District 1A
- Delegate Donald B. Elliott, District 4B
- Delegate William J. Frank, District 42
- Delegate Tony E. Fulton, District 40
- Delegate Terry R. Gilleland, Jr., District 32
- Delegate Peter A. Hammen, District 46
- Delegate Rick Impallaria, District 7
- Delegate Sally Jameson, District 28
- Delegate Wade Kach, District 5B
- Delegate Susan W. Krebs, District 9B
- Delegate John R. Leopold, District 31
- Delegate Robert A. McKee, District 2A
- Delegate Joseph J. Minnick, District 6
- Delegate Anthony J. O'Donnell, District 29C
- Delegate Joanne S. Parrott, District 35A
- Delegate Christopher B. Shank, District 2B
- Delegate Tanya T. Shewell, District 5A
- Delegate Herman L. Taylor, Jr., District 14
- Delegate John G. Trueschler, District 42
- Delegate Mary Roe Walkup, District 36
Bill indexed under the following Subjects:
- BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
- COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
- INCOME TAX
- INDUSTRY AND TECHNOLOGY
- REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
- SUNSET
- TAX CREDITS -see also- CIRCUIT BREAKER
Bill affects the following Statute:
- Tax - General
- (
10-721
)
- Bill Text (Displayed in PDF Format):
First Reading,
Third Reading, Enrolled
- Fiscal Note (Displayed in PDF Format):
Available
- Amendments:
None offered
