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2006 Regular Session bill information current as of June 6, 2006 - 7:40 p.m.
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SENATE BILL 218

File Code: Taxes - Income
Crossfiled with: HOUSE BILL 311

Sponsored By:
The President (By Request - Administration) and Senators Brinkley, Colburn, Giannetti, Haines, Hooper, Jacobs, Kittleman, Munson, Schrader, Stoltzfus, and Teitelbaum

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

Synopsis:

Increasing from $3,000,000 to $6,000,000 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; etc.

History by Legislative Date

Senate Action
1/23
First Reading Budget and Taxation
Motion Rules Suspended Referred (Senator Green) Adopted
Referred Budget and Taxation
2/15
Hearing 3/1 at 1:00 p.m.
House Action
No Action

Sponsored by:

President of the Senate
Administration
Senator David R. Brinkley, District 4
Senator Richard F. Colburn, District 37
Senator John A. Giannetti, Jr., District 21
Senator Larry E. Haines, District 5
Senator J. Robert Hooper, District 35
Senator Nancy Jacobs, District 34
Senator Allan H. Kittleman, District 9
Senator Donald F. Munson, District 2
Senator Sandra B. Schrader, District 13
Senator J. Lowell Stoltzfus, District 38
Senator Leonard H. Teitelbaum, District 19

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: None offered

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