HOUSE BILL 664

Sponsored By:

Delegates Feldman, Hixson, Barkley, Bartlett, Barve, Benson, Bohanan, Bromwell, Bronrott, Burns, Cardin, V. Clagett, Conroy, Cryor, D. Davis, Doory, Dumais, Franchot, Frush, Gaines, Gilleland, Glassman, Goldwater, Gordon, Griffith, Gutierrez, Haddaway, Hammen, Haynes, Heller, Holmes, Hurson, Impallaria, James, Jameson, Kaiser, King, Krebs, Krysiak, Lee, Love, Madaleno, Mandel, Marriott, McHale, McIntosh, Miller, Minnick, Moe, Montgomery, Morhaim, Murray, Parrott, Petzold, Quinter, Ramirez, Ross, Rudolph, Simmons, Smigiel, Stern, Taylor, Trueschler, Vaughn, Walkup, Zirkin, Boschert, Bozman, C. Davis, Elmore, Goodwin, Healey, Howard, McKee, Myers, and Patterson

Entitled:

Biotechnology Investment Incentive Act

Synopsis:

Providing for credits against State taxes for investments in biotechnology companies; providing for applications to the Department of Business and Economic Development for approval of the credit and certification by the Department to investors of approved credit amounts; providing for the issuance of specified initial credit certificates by the Department, subject to specified requirements and limitations; etc.

History by Legislative Date

House Action

2/7

First Reading Ways and Means

2/16

Hearing 3/9 at 1:00 p.m.

3/26

Favorable with Amendments Report by Ways and Means

3/25

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (134-0)

4/8

House Concur - Senate Amendments

Third Reading Passed (135-0)

Passed Enrolled

Senate Action

3/28

First Reading Budget and Taxation

4/8

Favorable with Amendments Report by Budget and Taxation

4/5

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/7

Third Reading Passed with Amendments (45-0)

Action after passage in House and Senate

4/26

Signed by the Governor Chapter 99

Sponsored by:

Delegate Brian J. Feldman, District 15

Delegate Charles Barkley, District 39

Delegate Joseph R. Bartlett, District 4A

Delegate Kumar P. Barve, District 17

Delegate Joanne C. Benson, District 24

Delegate John L. Bohanan, Jr., District 29B

Delegate David G. Boschert, District 33A

Delegate K. Bennett Bozman, District 38B

Delegate Eric M. Bromwell, District 8

Delegate William A. Bronrott, District 16

Delegate Emmett C. Burns, Jr., District 10

Delegate Jon S. Cardin, District 11

Delegate Virginia P. Clagett, District 30

Delegate Mary A. Conroy, District 23A

Delegate Jean B. Cryor, District 15

Delegate Clarence Davis, District 45

Delegate Dereck E. Davis, District 25

Delegate Ann Marie Doory, District 43

Delegate Kathleen M. Dumais, District 15

Delegate D. Page Elmore, District 38A

Delegate Peter Franchot, District 20

Delegate Barbara Frush, District 21

Delegate Tawanna P. Gaines, District 22

Delegate Terry R. Gilleland, Jr., District 32

Delegate Barry Glassman, District 35A

Delegate Marilyn R. Goldwater, District 16

Delegate Marshall T. Goodwin, District 40

Delegate Michael R. Gordon, District 17

Delegate Melony G. Griffith, District 25

Delegate Ana Sol Gutierrez, District 18

Delegate Jeannie Haddaway, District 37B

Delegate Peter A. Hammen, District 46

Delegate Keith E. Haynes, District 44

Delegate Anne Healey, District 22

Delegate Henry B. Heller, District 19

Delegate Sheila E. Hixson, District 20

Delegate Marvin E. Holmes, Jr., District 23B

Delegate Carolyn J. B. Howard, District 24

Delegate John Adams Hurson, District 18

Delegate Rick Impallaria, District 7

Delegate Mary-Dulany James, District 34A

Delegate Sally Jameson, District 28

Delegate Anne R. Kaiser, District 14

Delegate Nancy J. King, District 39

Delegate Susan W. Krebs, District 9B

Delegate Carolyn J. Krysiak, District 46

Delegate Susan C. Lee, District 16

Delegate Mary Ann E. Love, District 32

Delegate Richard S. Madaleno, Jr., District 18

Delegate Adrienne A. Mandel, District 19

Delegate Salima Siler Marriott, District 40

Delegate Brian K. McHale, District 46

Delegate Maggie McIntosh, District 43

Delegate Robert A. McKee, District 2A

Delegate Warren E. Miller, District 9A

Delegate Joseph J. Minnick, District 6

Delegate Brian R. Moe, District 21

Delegate Karen S. Montgomery, District 14

Delegate Dan K. Morhaim, District 11

Delegate Gareth E. Murray, District 20

Delegate LeRoy E. Myers, Jr., District 1C

Delegate Joanne S. Parrott, District 35A

Delegate Obie Patterson, District 26

Delegate Carol S. Petzold, District 19

Delegate Neil F. Quinter, District 13

Delegate Victor R. Ramirez, District 47

Delegate Justin D. Ross, District 22

Delegate David D. Rudolph, District 34B

Delegate Luiz R. S. Simmons, District 17

Delegate Michael D. Smigiel, Sr., District 36

Delegate Joan F. Stern, District 39

Delegate Herman L. Taylor, Jr., District 14

Delegate John G. Trueschler, District 42

Delegate Michael L. Vaughn, District 24

Delegate Mary Roe Walkup, District 36

Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

APPROPRIATIONS

AUDITORS AND AUDITS

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF

COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc

COMPTROLLER

INCOME TAX

INDUSTRY AND TECHNOLOGY

INSURANCE -see also- HEALTH INS; MAIF; MOTOR VEHICLE INS

INVESTMENTS -see also- SECURITIES

NOTICES

REPORTS

REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.

RULES AND REGULATIONS

SMALL BUSINESS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal Note (Displayed in PDF Format): Available

Amendments (Displayed in WordPerfect 8 Format):

House

Number: 025868/01 (PDF)     Offered on: March 26, 2005   at: 12:03 p.m.     Status: Adopted

SENATE

Number: 049536/01 (PDF)     Offered on: April 8, 2005   at: 4:36 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 26, 2005: Third Reading Passed (134-0)

April 8, 2005: Third Reading Passed (135-0)

Senate

April 7, 2005: Third Reading Passed (45-0)