CHAPTER NUMBER: 98
File Code: Taxes - Income
Crossfiled with: HOUSE BILL 247
- Sponsored By:
-
The President (By Request - Administration) and Senators Astle,
Brinkley, Colburn, Greenip, Haines, Harris, Hogan, Hooper, Jacobs,
Kittleman, Klausmeier, Lawlah, McFadden, Mooney, Schrader,
Stoltzfus, Currie, DeGrange, Jones,
Kasemeyer, Kramer, Munson, and Ruben
- Entitled:
-
Research and Development Tax Credit
Decreasing the number of succeeding years during which an individual
or corporation may carry forward the Maryland Research and Development
Tax Credit and apply the 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; requiring the
Department of Business and Economic Development to make a specified
report by January 10 of each year; etc.
Senate Action
- 1/21
- First Reading Budget and Taxation
- 2/9
- Hearing 2/23 at 1:00 p.m.
- 3/21
- Favorable with Amendments Report by Budget and Taxation
- 3/20
- Favorable with Amendments Report Adopted
- Second Reading Passed with Amendments
- 3/22
- Third Reading Passed (47-0)
- 4/7
- Returned Passed
House Action
- 3/23
- First Reading Ways and Means
- 3/30
- Hearing 4/5 at 1:00 p.m.
- 4/9
- Favorable Report by Ways and Means
- 4/5
- Favorable Report Adopted
- Second Reading Passed
- 4/6
- Third Reading Passed (131-0)
Action after passage in Senate and House
- 4/26
- Signed by the Governor Chapter 98
Sponsored by:
- President of the Senate
- Administration
- Senator John C. Astle, District 30
- Senator David R. Brinkley, District 4
- Senator Richard F. Colburn, District 37
- Senator Ulysses Currie, District 25
- Senator James E. DeGrange, Sr., District 32
- Senator Janet Greenip, District 33
- Senator Larry E. Haines, District 5
- Senator Andrew P. Harris, District 7
- Senator Patrick J. Hogan, District 39
- Senator J. Robert Hooper, District 35
- Senator Nancy Jacobs, District 34
- Senator Verna L. Jones, District 44
- Senator Edward J. Kasemeyer, District 12
- Senator Allan H. Kittleman, District 9
- Senator Katherine Klausmeier, District 8
- Senator Rona E. Kramer, District 14
- Senator Gloria Lawlah, District 26
- Senator Nathaniel J. McFadden, District 45
- Senator Alexander X. Mooney, District 3
- Senator Donald F. Munson, District 2
- Senator Ida G. Ruben, District 20
- Senator Sandra B. Schrader, District 13
- Senator J. Lowell Stoltzfus, District 38
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
- REPORTS
- 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 (Displayed in WordPerfect 8 Format):
Senate
- Number: 399639/01 (PDF) Offered on: March 22, 2005 at:
12:14 p.m. Status: Adopted
- Roll Call Votes (Legislative dates are shown):
Senate
- March 22, 2005: Third Reading Passed (47-0)
House
- April 6, 2005: Third Reading Passed (131-0)
