The Honorable Casper R. Taylor, Jr.
Speaker of the House
State House
Annapolis MD 21401

Dear Mr. Speaker:

In accordance with Article II, Section 17 of the Maryland Constitution, I have today vetoed House Bill 269 - Maryland Research and Development Tax Credit - Addition Modification for Corporations.

This bill provides an addition modification under the Maryland corporate income tax if a Maryland Research and Development Tax Credit is claimed.

Senate Bill 232, which was passed by the General Assembly and signed by me, accomplishes the same purpose. Therefore, it is not necessary for me to sign House Bill 269.

Parris N. Glendening