HOUSE BILL 46

Sponsored By:

Delegates N. King, Barkley, Bronrott, G. Clagett, Dumais, Feldman, Gilchrist, Hixson, Kaiser, Kramer, Manno, and Rice

Entitled:

Income Tax - Research and Development Tax Credits - Modifications

Synopsis:

Increasing the aggregate amount of income tax credits for Maryland qualified research and development expenses that may be approved by the Department of Business and Economic Development each year from $6,000,000 to $12,000,000; and applying the Act to taxable years after 2006.

History by Legislative and Calendar Date

House Action

1/19

First Reading Ways and Means

2/14

Hearing 3/15 at 1:00 p.m.

Senate Action

No Action

Sponsored by:

Delegate Nancy J. King, District 39

Delegate Charles Barkley, District 39

Delegate William A. Bronrott, District 16

Delegate Galen R. Clagett, District 3A

Delegate Kathleen M. Dumais, District 15

Delegate Brian J. Feldman, District 15

Delegate Jim Gilchrist, District 17

Delegate Sheila E. Hixson, District 20

Delegate Anne R. Kaiser, District 14

Delegate Benjamin F. Kramer, District 19

Delegate Roger Manno, District 19

Delegate Craig L. Rice, District 15

Bill indexed under the following Subjects:

Business and Economic Development, Department of

Income Tax

Industry and Technology

Tax Credits -see also- Circuit Breaker

Bill affects the following Statute:

Tax - General

( 10-721 )

Documents:

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

Fiscal and Policy Note (Displayed in PDF Format): Available

Amendments: None offered