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2005 Regular Session bill information current as of December 15, 2005 - 10:47 p.m.
Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Session Another Bill

HOUSE BILL 247

File Code: Taxes - Income
Crossfiled with: SENATE BILL 217

Sponsored By:
The Speaker (By Request - Administration) and Delegates Aumann, Bartlett, Bates, Bohanan, Boschert, Cluster, Costa, Cryor, DeBoy, Donoghue, Edwards, Elliott, Frank, Fulton, Gilleland, Hammen, Impallaria, Jameson, Kach, Krebs, Leopold, McKee, Minnick, O'Donnell, Parrott, Shank, Shewell, Taylor, Trueschler, and Walkup

Entitled:
Research and Development Tax Credit

Synopsis:

Increasing from $3,000,000 to $6,000,000 the maximum amount of credits the Department of Business and Economic Development may approve in a calendar year for each component of the Maryland Research and Development Tax Credit; decreasing the number of succeeding years during which an individual or corporation may apply an excess as a credit against State income tax; extending the time period during which the research and development tax credit may be taken by qualified business entities; etc.

History by Legislative Date

House Action
1/25
First Reading Ways and Means
2/16
Hearing 3/9 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Speaker of the House of Delegates
Administration
Delegate Susan L. M. Aumann, District 42
Delegate Joseph R. Bartlett, District 4A
Delegate Gail H. Bates, District 9A
Delegate John L. Bohanan, Jr., District 29B
Delegate David G. Boschert, District 33A
Delegate John W. E. Cluster, Jr., District 8
Delegate Robert A. Costa, District 33B
Delegate Jean B. Cryor, District 15
Delegate Steven J. DeBoy, Sr., District 12A
Delegate John P. Donoghue, District 2C
Delegate George C. Edwards, District 1A
Delegate Donald B. Elliott, District 4B
Delegate William J. Frank, District 42
Delegate Tony E. Fulton, District 40
Delegate Terry R. Gilleland, Jr., District 32
Delegate Peter A. Hammen, District 46
Delegate Rick Impallaria, District 7
Delegate Sally Jameson, District 28
Delegate Wade Kach, District 5B
Delegate Susan W. Krebs, District 9B
Delegate John R. Leopold, District 31
Delegate Robert A. McKee, District 2A
Delegate Joseph J. Minnick, District 6
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Herman L. Taylor, Jr., District 14
Delegate John G. Trueschler, District 42
Delegate Mary Roe Walkup, District 36

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
INCOME TAX
INDUSTRY AND TECHNOLOGY
REVENUE AND TAXES -see also- DEV FEES & TAXES; specific tax.
SUNSET
TAX CREDITS -see also- CIRCUIT BREAKER

Bill affects the following Statute:

Tax - General
( 10-721 )

Documents:

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

Fiscal Note (Displayed in PDF Format): Available

Amendments: None offered

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