SENATE BILL 800

Sponsored By:

Senators King and Jones

Entitled:

Biotechnology Investment Incentive Tax Credit

Synopsis:

Altering the definition of "qualified investor" under the Maryland Biotechnology Investment Incentive Tax Credit; specifying that the credit may be claimed for the taxable year in which an investment is made; repealing obsolete language; clarifying provisions requiring the recapture of the credit under specified circumstances; etc.

History by Legislative and Calendar Date

Senate Action

2/6

First Reading Budget and Taxation

3/4

Hearing 3/18 at 1:00 p.m.

3/12

Hearing cancelled

Hearing 3/19 at 1:00 p.m.

3/23

Favorable with Amendments Report by Budget and Taxation

3/24

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/26

Third Reading Passed (47-0)

4/1

Returned Passed

House Action

3/23

First Reading Ways and Means

3/27

Hearing 4/2 at 1:00 p.m.

3/31

Hearing cancelled

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

4/2

Favorable Report by Ways and Means

3/29

Favorable Report Adopted

Second Reading Passed

3/30

Third Reading Passed (137-0)

Action after passage in Senate and House

5/19

Approved by the Governor

- Chapter 605

Sponsored by:

Senator Nancy J. King, District 39

Senator Verna L. Jones, District 44

Bill indexed under the following Subjects:

Income Tax

Industry and Technology

Investments -see also- Securities

Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General

( 10-725 , 10-725 )

Documents:

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

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

Amendments (Displayed in PDF Format):

Senate

Number: 659236/01     Offered on: March 24, 2009   at: 12:30 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):

Senate

March 26, 2009: Third Reading Passed (47-0)

House

March 30, 2009: Third Reading Passed (137-0)