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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 834

File Code: Taxes - Income
Prior Year Introduction As: SB 431/02 - B&T
Crossfiled with: SENATE BILL 954

Sponsored By:
Delegate Feldman

Entitled:
Income Tax - Maryland Biotechnology Tax Benefit Certificate Program

Synopsis:

Creating the Maryland Biotechnology Tax Benefit Certificate Program to be administered by the Department of Business and Economic Development; establishing an application process for the transfer of specified tax benefits by biotechnology companies under the Program; requiring the Department to evaluate applications under the Program based on specified criteria; providing that biotechnology companies may surrender tax benefits in exchange for private financial assistance; etc.

History by Legislative Date

House Action
2/8
First Reading Ways and Means
2/22
Hearing 3/15 at 1:00 p.m.
Senate 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
( 5-1901 , 5-1902 , 5-1903 , 5-1904 , 5-1905 , 5-1906 , 5-1907 )

Tax - General
( 10-305 , 10-721 , 10-726 )

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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