HOUSE BILL 1139

Sponsored By:

Delegates Morhaim, Bartlett, Barve, Bozman, Cardin, Cluster, Feldman, Gilleland, Goodwin, Haynes, Heller, Kaiser, Marriott, McKee, Moe, Ramirez, Rosenberg, and Zirkin

Entitled:

Corporate Income Tax - Tax Credit for Location in a Higher Education-Affiliated Research Park

Synopsis:

Providing a tax credit against the State income tax for eligible expenses of corporations that locate to a higher education-affiliated research park; requiring the Department of Business and Economic Development to administer the tax credit; requiring the Department to adopt regulations jointly with the Comptroller; providing that tax credits for eligible expenses of corporations that locate to a higher education-affiliated research park may be transferred under specified circumstances; etc.

History by Legislative Date

House Action

2/10

First Reading Ways and Means

2/22

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

3/24

Unfavorable Report by Ways and Means

Senate Action

No Action

Sponsored by:

Delegate Dan K. Morhaim, District 11

Delegate Joseph R. Bartlett, District 4A

Delegate Kumar P. Barve, District 17

Delegate K. Bennett Bozman, District 38B

Delegate Jon S. Cardin, District 11

Delegate John W. E. Cluster, Jr., District 8

Delegate Brian J. Feldman, District 15

Delegate Terry R. Gilleland, Jr., District 32

Delegate Marshall T. Goodwin, District 40

Delegate Keith E. Haynes, District 44

Delegate Henry B. Heller, District 19

Delegate Anne R. Kaiser, District 14

Delegate Salima Siler Marriott, District 40

Delegate Robert A. McKee, District 2A

Delegate Brian R. Moe, District 21

Delegate Victor R. Ramirez, District 47

Delegate Samuel I. Rosenberg, District 41

Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF

CORPORATIONS -see also- MUNICIPAL CORPORATIONS

HIGHER EDUCATION -see also- COMM COLLEGES; MED SCHOOLS; etc.

INCOME TAX

INDUSTRY AND TECHNOLOGY

NOTICES

REPORTS

RULES AND REGULATIONS

TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General

( 10-726 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered