MD SB680 | 2016 | Regular Session
Status
Spectrum: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [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 or Baltimore City; applying the Act to initial tax credit certificates issued after June 30, 2016; etc.
Title
Biotechnology Investment Tax Credit - Investment in Qualified Companies in Low-Income Areas
Sponsors
| Sen. George Edwards [R] | Sen. Joan Conway [D] | Sen. Adelaide Eckardt [R] | Sen. William Ferguson [D] |
| Sen. Lisa Gladden [D] | Sen. Jim Mathias [D] | Sen. Nathaniel McFadden [D] | Sen. Catherine Pugh [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2016-03-09 | Senate | Hearing 3/09 at 1:00 p.m. |
| 2016-02-05 | Senate | First Reading Budget and Taxation |
Subjects
Allegany County
Baltimore City
Dorchester County
Garrett County
Industry and Technology
Investments
Somerset County
Tax Credits
Taxes - Income
Baltimore City
Dorchester County
Garrett County
Industry and Technology
Investments
Somerset County
Tax Credits
Taxes - Income
