HOUSE BILL 641

Sponsored By:

Delegates Barve and Hurson

Entitled:

Income Tax - Subtraction Modification for High Technology Venture Capital Investment Rollover

Synopsis:

Allowing a subtraction modification under the Maryland income tax for gain on venture capital investments, as defined, in high technology business enterprises, as defined, that an individual reinvests in a venture capital investment in another high technology business enterprise; and applying the Act to tax years after 1998.

History by Legislative Date

House Action

2/11

First Reading Ways and Means

2/24

Hearing 3/12 at 1:00 p.m.

3/29

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Kumar P. Barve, District 17

Delegate John Adams Hurson, District 18

Bill indexed under the following Subjects:

COMMERCE AND BUSINESS -see also- ENTERPRISE ZONES;SMALL BUS.

EXEMPTIONS

INCOME TAX

INDUSTRY AND TECHNOLOGY

INVESTMENTS -see also- SECURITIES

Bill affects the following Statutes:

Tax - General

( 10-207 , 10-207 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered