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2002 Regular Session bill information current as of December 12, 2002 - 2:41 a.m.
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SENATE BILL 431

File Code: Taxes - Income
Prior Year Introduction As: SB 801/01 - B&T

Sponsored By:
Senator Hogan (Montgomery County Administration)

Entitled:
Maryland Biotechnology Companies - Tax Benefit Certificate Program

Synopsis:

Creating the Maryland Biotechnology Tax Benefit Certificate Program; establishing criteria for approval of applications; providing that new or expanding biotechnology companies may surrender net operating loss and research and development tax benefits in exchange for private financial assistance; establishing an addition modification to, and a credit against, the corporate income tax; etc.

History by Legislative Date

Senate Action
1/31
First Reading Budget and Taxation
2/13
Hearing 3/6 at 1:30 p.m.
3/5
Hearing cancelled
3/11
Withdrawn
House Action
No Action

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
COMPTROLLER
CORPORATIONS -see also- MUNICIPAL CORPORATIONS
INCOME TAX
INDUSTRY AND TECHNOLOGY
LICENSES -see also- ALCOHOLIC BEV LIC; DRIVERS' LICENSES
LOANS -see also- MORTGAGES
RULES AND REGULATIONS
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statutes:

Article - 83A Department of Business and Economic Development
( 5-1701 , 5-1702 , 5-1703 , 5-1704 , 5-1705 , 5-1706 , 5-1707 )

Tax - General
( 10-305 , 10-721 , 10-724 )

Documents:

Bill Text: First Reading (RTF / PDF), Third Reading, Enrolled

Fiscal Note: Available (Word / PDF)

Amendments: None offered


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