HOUSE BILL 14

Sponsored By:

Delegates Taylor, Dewberry, Hurson, Arnick, Busch, Guns, Harrison, Hixson, Howard, Kopp, Montague, Rawlings, Owings, Rosenberg, Vallario, Wood, W. Baker, Barve, Bohanan, Bozman, Brown, Cane, Clagett, Cole, Conroy, Conway, D'Amato, DeCarlo, Donoghue, Doory, Dypski, Finifter, Franchot, Frush, Giannetti, Goldwater, Griffith, Hammen, Healey, Hecht, Heller, Hubers, James, V. Jones, Klausmeier, Krysiak, Love, Mandel, McHale, Mitchell, Moe, Petzold, Pitkin, Rosso, Rudolph, Snodgrass, Stern, Turner, Valderrama, Weir, Zirkin, Cryor, Bartlett, Carlson, and Shriver

Entitled:

Maryland Research and Development Tax Credit

Synopsis:

Allowing a State income tax credit in the amount of 3% of qualified Maryland research and development expenses, not exceeding the Maryland base amount for the individual or corporation, incurred or paid during a taxable year and 10% of the amount by which the Maryland qualified research and development expenses incurred or paid during a taxable year exceed the base amount; providing for applications to the Department of Business and Economic Development for approval and certification of credit amounts; etc.

History by Legislative Date

House Action

11/15

Pre-filed

1/12

First Reading Ways and Means

2/2

Hearing 2/8 at 11:00 a.m.

3/8

Favorable with Amendments Report by Ways and Means

3/9

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/14

Third Reading Passed (138-2)

4/8

House Concur - Senate Amendments

Third Reading Passed (133-2)

Passed Enrolled

5/18

Signed by the Governor Chapter 516

Senate Action

3/15

First Reading Budget and Taxation

3/24

Hearing 3/29 at 1:30 p.m.

4/6

Favorable with Amendments Report by Budget and Taxation

4/4

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

4/5

Third Reading Passed with Amendments (45-0)

Sponsored by:

Delegate Casper R. Taylor, Jr., District 1C

Delegate John S. Arnick, District 7

Delegate Wheeler R. Baker, District 36

Delegate Joseph R. Bartlett, District 3

Delegate Kumar P. Barve, District 17

Delegate John L. Bohanan, Jr., District 29B

Delegate K. Bennett Bozman, District 38

Delegate Anthony G. Brown, District 25

Delegate Michael E. Busch, District 30

Delegate Rudolph C. Cane, District 37A

Delegate Paul H. Carlson, District 39

Delegate Virginia P. Clagett, District 30

Delegate William H. Cole, IV, District 47A

Delegate Mary A. Conroy, District 23

Delegate Norman H. Conway, District 38

Delegate Jean B. Cryor, District 15

Delegate C. Richard D'Amato, District 30

Delegate Diane DeCarlo, District 6

Delegate Thomas E. Dewberry, District 47B

Delegate John P. Donoghue, District 2C

Delegate Ann Marie Doory, District 43

Delegate Cornell N. Dypski, District 46

Delegate Michael J. Finifter, District 11

Delegate Peter Franchot, District 20

Delegate Barbara Frush, District 21

Delegate John A. Giannetti, Jr., District 13B

Delegate Marilyn R. Goldwater, District 16

Delegate Melony G. Griffith, District 25

Delegate Ronald A. Guns, District 36

Delegate Peter A. Hammen, District 46

Delegate Hattie N. Harrison, District 45

Delegate Anne Healey, District 22A

Delegate C. Sue Hecht, District 3

Delegate Henry B. Heller, District 19

Delegate Sheila E. Hixson, District 20

Delegate Carolyn J. B. Howard, District 24

Delegate Nancy M. Hubers, District 6

Delegate John A. Hurson, District 18

Delegate Mary-Dulany James, District 34

Delegate Verna L. Jones, District 44

Delegate Katherine Klausmeier, District 8

Delegate Nancy K. Kopp, District 16

Delegate Carolyn J. Krysiak, District 46

Delegate Mary Ann E. Love, District 32

Delegate Adrienne A. Mandel, District 19

Delegate Brian K. McHale, District 47A

Delegate Van T. Mitchell, District 28

Delegate Brian R. Moe, District 21

Delegate Kenneth C. Montague, Jr., District 43

Delegate George W. Owings, III, District 27B

Delegate Carol S. Petzold, District 19

Delegate Joan B. Pitkin, District 23

Delegate Howard P. Rawlings, District 40

Delegate Samuel I. Rosenberg, District 42

Delegate Mary M. Rosso, District 31

Delegate David D. Rudolph, District 35B

Delegate Mark K. Shriver, District 15

Delegate Louise V. Snodgrass, District 3

Delegate Joan F. Stern, District 39

Delegate Frank S. Turner, District 13A

Delegate David M. Valderrama, District 26

Delegate Joseph F. Vallario, Jr., District 27A

Delegate Michael H. Weir, District 6

Delegate John F. Wood, Jr., District 29A

Delegate Robert A. Zirkin, District 11

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF

COMPTROLLER

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

INCOME TAX

INDUSTRY AND TECHNOLOGY

REPORTS

RULES AND REGULATIONS

SUNSET

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Tax - General

( 10-205 , 10-718 )

Documents:

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

Fiscal Note: Available (PDF)

Amendments:

House

Number: 005564/1 (PDF)     Offered on: March 9, 2000   at: 10:30 a.m.     Status: Adopted

Senate

Number: 269532/1 (PDF)     Offered on: April 6, 2000   at: 1:16 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

House

March 14, 2000: Third Reading Passed (138-2)

April 8, 2000: Third Reading Passed (133-2)

Senate

April 5, 2000: Third Reading Passed (45-0)