MD HB1167 | 2016 | Regular Session

Status

Completed Legislative Action
Spectrum: Partisan Bill (Republican 4-0)
Status: Passed on May 10 2016 - 100% progression
Action: 2016-05-10 - Approved by the Governor - Chapter 503
Text: Latest bill text (Chaptered) [PDF]

Summary

Providing that the amount of a credit allowed against the State income tax is 75%, not to exceed $500,000, of the investment in qualified Maryland biotechnology companies located in Allegany, Dorchester, Garrett, or Somerset counties; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.

Tracking Information

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Title

Biotechnology Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas

Sponsors


Roll Calls

2016-04-09 - House - House Floor - Third Reading Passed (136-4) (Y: 136 N: 4 NV: 1 Abs: 0) [PASS]
2016-04-04 - Senate - Senate Floor - Third Reading Passed (46-0) (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]
2016-03-31 - House - House Floor - Third Reading Passed (134-5) (Y: 134 N: 5 NV: 1 Abs: 1) [PASS]

History

DateChamberAction
2016-05-10HouseApproved by the Governor - Chapter 503
2016-04-11HousePassed Enrolled
2016-04-11HouseThird Reading Passed (136-4)
2016-04-11HouseHouse Concur - Senate Amendments
2016-04-11SenateSenators Madaleno, Edwards, and Ferguson
2016-04-11SenateConference Committee Appointed
2016-04-11SenateSenate Refuses to Recede
2016-04-11HouseDelegates M. Washington, Fennell, and Long
2016-04-11HouseConference Committee Appointed
2016-04-11HouseHouse Requests Senate Recede
2016-04-11HouseHouse Refuses to Concur - Senate Amendments
2016-04-11SenateThird Reading Passed with Amendments (46-0)
2016-04-09SenateSecond Reading Passed with Amendments
2016-04-09SenateFavorable with Amendments {779834/1 Report Adopted
2016-04-09SenateFavorable with Amendments Report by Budget and Taxation
2016-04-08SenateRereferred to Budget and Taxation
2016-04-07SenateFirst Reading Senate Rules
2016-04-07HouseThird Reading Passed (134-5)
2016-04-06HouseSecond Reading Passed
2016-04-06HouseFavorable Report Adopted
2016-04-06HouseFavorable Report by Ways and Means
2016-03-08HouseHearing 3/08 at 1:00 p.m.
2016-02-11HouseFirst Reading Ways and Means

Subjects


Maryland State Sources

TypeSource
Summaryhttps://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1167?ys=2016rs
Texthttps://mgaleg.maryland.gov/2016RS/bills/hb/hb1167f.pdf
Texthttps://mgaleg.maryland.gov/2016RS/bills/hb/hb1167t.pdf
Texthttps://mgaleg.maryland.gov/2016RS/bills/hb/hb1167e.pdf
Texthttps://mgaleg.maryland.gov/2016RS/Chapters_noln/CH_503_hb1167e.pdf
Amendmenthttps://mgaleg.maryland.gov/2016RS/amds/bil_0007/hb1167_77983401.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/fnotes/bil_0007/hb1167.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/hb1167_w&m.pdf
Supplementhttps://mgaleg.maryland.gov/2016RS/votes_comm/hb1167_b&t.pdf
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=hb1167,h-1048&stab=02&ys=2016RS
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=hb1167,s-1280&stab=02&ys=2016RS
Roll Callhttps://mgaleg.maryland.gov/webmga/frmMain.aspx?pid=flrvotepage&tab=subject3&id=hb1167,h-1485&stab=02&ys=2016RS

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