SENATE BILL 64

Sponsored By:

Chair, Budget and Taxation Committee (By Request - Departmental - Business and Economic Development) and Senators Garagiola and Jones

Entitled:

Maryland Research and Development Tax Credit - Sunset Extension

Synopsis:

Extending the applicability of the Maryland Research and Development Tax Credit to taxable years beginning before January 1, 2020; and extending the termination date for the Maryland Research and Development Tax Credit to June 30, 2021.

History by Legislative and Calendar Date

Senate Action

9/24

Pre-filed

1/13

First Reading Budget and Taxation

Hearing 1/27 at 2:00 p.m.

2/3

Favorable with Amendments Report by Budget and Taxation

2/4

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

2/5

Third Reading Passed (41-0)

4/5

Returned Passed

House Action

2/10

First Reading Ways and Means

3/24

Hearing 4/6 at 1:00 p.m.

4/7

Favorable Report by Ways and Means

3/31

Favorable Report Adopted

Second Reading Passed

4/1

Third Reading Passed (140-0)

Action after passage in Senate and House

4/13

Approved by the Governor

- Chapter 20

Sponsored by:

Budget and Taxation Committee, Chair

Departmental

Business and Economic Development, Department of

Senator Rob Garagiola, District 15

Senator Verna L. Jones, District 44

Bill indexed under the following Subjects:

Income Tax

Industry and Technology

Sunset

Tax Credits -see also- Circuit Breaker

Documents

Bill Text: First Reading, Third Reading, Enrolled, Chapter

Fiscal and Policy Note: Available

Amendments:

Senate

Number: 619831/01     Offered on: February 4, 2010   at: 10:24 a.m.     Status: Adopted

Committee Votes :

Senate

Budget and Taxation

House

Ways and Means

Roll Call Votes (Legislative dates are shown):

Senate

February 5, 2010: Third Reading Passed (41-0)

House

April 1, 2010: Third Reading Passed (140-0)