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2005 Regular Session bill information current as of December 15, 2005 - 10:48 p.m.
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SENATE BILL 217

CHAPTER NUMBER: 98
File Code: Taxes - Income
Crossfiled with: HOUSE BILL 247

Sponsored By:
The President (By Request - Administration) and Senators Astle, Brinkley, Colburn, Greenip, Haines, Harris, Hogan, Hooper, Jacobs, Kittleman, Klausmeier, Lawlah, McFadden, Mooney, Schrader, Stoltzfus, Currie, DeGrange, Jones, Kasemeyer, Kramer, Munson, and Ruben

Entitled:
Research and Development Tax Credit

Synopsis:

Decreasing the number of succeeding years during which an individual or corporation may carry forward the Maryland Research and Development Tax Credit and apply the 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; requiring the Department of Business and Economic Development to make a specified report by January 10 of each year; etc.

History by Legislative Date

Senate Action
1/21
First Reading Budget and Taxation
2/9
Hearing 2/23 at 1:00 p.m.
3/21
Favorable with Amendments Report by Budget and Taxation
3/20
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/22
Third Reading Passed (47-0)
4/7
Returned Passed
House Action
3/23
First Reading Ways and Means
3/30
Hearing 4/5 at 1:00 p.m.
4/9
Favorable Report by Ways and Means
4/5
Favorable Report Adopted
Second Reading Passed
4/6
Third Reading Passed (131-0)
Action after passage in Senate and House
4/26
Signed by the Governor Chapter 98

Sponsored by:

President of the Senate
Administration
Senator John C. Astle, District 30
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Janet Greenip, District 33
Senator Larry E. Haines, District 5
Senator Andrew P. Harris, District 7
Senator Patrick J. Hogan, District 39
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Verna L. Jones, District 44
Senator Edward J. Kasemeyer, District 12
Senator Allan H. Kittleman, District 9
Senator Katherine Klausmeier, District 8
Senator Rona E. Kramer, District 14
Senator Gloria Lawlah, District 26
Senator Nathaniel J. McFadden, District 45
Senator Alexander X. Mooney, District 3
Senator Donald F. Munson, District 2
Senator Ida G. Ruben, District 20
Senator Sandra B. Schrader, District 13
Senator J. Lowell Stoltzfus, District 38

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
REPORTS
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 (Displayed in WordPerfect 8 Format):
Senate
Number: 399639/01 (WordPerfect / PDF)     Offered on: March 22, 2005   at: 12:14 p.m.     Status: Adopted

Roll Call Votes (Legislative dates are shown):
Senate
March 22, 2005: Third Reading Passed (47-0)
House
April 6, 2005: Third Reading Passed (131-0)


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