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2006 Regular Session bill information current as of June 6, 2006 - 7:39 p.m.
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HOUSE BILL 311

File Code: Taxes - Income
Crossfiled with: SENATE BILL 218

Sponsored By:
The Speaker (By Request - Administration) and Delegates Aumann, Bartlett, Bates, Boschert, Boteler, Cluster, Cryor, Donoghue, Dwyer, Eckardt, Edwards, Elliott, Elmore, Frank, Gilleland, Glassman, Haddaway, Hogan, Impallaria, Jennings, Kach, Kelly, Kohl, Krebs, Leopold, Mayer, McComas, McConkey, McDonough, McKee, Miller, Myers, O'Donnell, Parrott, Petzold, Quinter, Ross, Shank, Shewell, Smigiel, Sossi, Stocksdale, Stull, Taylor, Trueschler, Weir, Weldon, and Zirkin

Entitled:
Business and Economic Development - Research and Development Tax Credit

Synopsis:

Increasing from $3,000,000 to $5,000,000 the aggregate amount of credits that may be approved by the Department of Business and Economic Development for any calendar year for each component of the Maryland research and development tax credit; limiting to $500,000 the amount of credit that an individual or corporation may obtain in a calendar year for each component of the credit; applying the Act to taxable years beginning after December 31, 2006.

History by Legislative Date

House Action
1/25
First Reading Ways and Means
2/22
Hearing 3/15 at 1:00 p.m.
4/8
Favorable with Amendments Report by Ways and Means
4/4
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/5
Third Reading Passed (139-0)
Senate Action
4/6
First Reading Senate Rules
4/10
Re-referred Budget and Taxation
Favorable Report by Budget and Taxation

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 David G. Boschert, District 33A
Delegate Joseph C. Boteler, III, District 8
Delegate John W. E. Cluster, Jr., District 8
Delegate Jean B. Cryor, District 15
Delegate John P. Donoghue, District 2C
Delegate Donald H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate George C. Edwards, District 1A
Delegate Donald B. Elliott, District 4B
Delegate D. Page Elmore, District 38A
Delegate William J. Frank, District 42
Delegate Terry R. Gilleland, Jr., District 32
Delegate Barry Glassman, District 35A
Delegate Jeannie Haddaway, District 37B
Delegate Patrick N. Hogan, District 3A
Delegate Rick Impallaria, District 7
Delegate J. B. Jennings, District 7
Delegate Wade Kach, District 5B
Delegate Kevin Kelly, District 1B
Delegate Sheryl Davis Kohl, District 34A
Delegate Susan W. Krebs, District 9B
Delegate John R. Leopold, District 31
Delegate Wm. Daniel Mayer, District 28
Delegate Susan K. McComas, District 35B
Delegate Tony McConkey, District 33A
Delegate Pat McDonough, District 7
Delegate Robert A. McKee, District 2A
Delegate Warren E. Miller, District 9A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Anthony J. O'Donnell, District 29C
Delegate Joanne S. Parrott, District 35A
Delegate Carol S. Petzold, District 19
Delegate Neil F. Quinter, District 13
Delegate Justin D. Ross, District 22
Delegate Christopher B. Shank, District 2B
Delegate Tanya T. Shewell, District 5A
Delegate Michael D. Smigiel, Sr., District 36
Delegate Richard A. Sossi, District 36
Delegate Nancy R. Stocksdale, District 5A
Delegate Paul S. Stull, District 4A
Delegate Herman L. Taylor, Jr., District 14
Delegate John G. Trueschler, District 42
Delegate Michael H. Weir, Jr., District 6
Delegate Richard B. Weldon, Jr., District 3B
Delegate Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

BUSINESS AND ECONOMIC DEVELOPMENT, DEPARTMENT OF
INCOME TAX
INDUSTRY AND TECHNOLOGY
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):
House
Number: 375866/02 (WordPerfect / PDF)     Offered on: April 8, 2006   at: 11:12 a.m.     Status: Adopted

Roll Call Vote (Legislative date is shown):
House
April 5, 2006: Third Reading Passed (139-0)


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