HOUSE BILL 1007

Sponsored By:

Delegate Feldman

Entitled:

Biotechnology Investment Tax Credits

Synopsis:

Authorizing specified investors and venture capital firms to claim a specified tax credit against the State premium tax in a specified manner; authorizing specified venture capital firms to allocate specified tax credits to specified persons in a specified manner; requiring the Department of Business and Economic Development to issue and send a specified certificate to specified investors or venture capital firms; altering the limits on the maximum tax credit that may be claimed; etc.

History by Legislative and Calendar Date

House Action

2/9

First Reading Ways and Means

2/14

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

Senate Action

No Action

Bill indexed under the following Subjects:

Business and Economic Development, Department of

Commerce and Business -see also- Dealers; Traders; etc

Industry and Technology

Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins

Investments -see also- Securities

Limited Liability Companies

Medical Research

Partnerships

Revenue and Taxes -see also- Dev Fees &Taxes; specific tax

Small Business

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Insurance

( 6-122 )

Tax - General

( 10-725 )

Documents:

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

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

Amendments: None offered