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2006 Regular Session bill information current as of June 6, 2006 - 7:41 p.m.
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SENATE BILL 700

File Code: Taxes - Income

Sponsored By:
Senators Hogan, Astle, DeGrange, Dyson, Forehand, Garagiola, Hafer, Jacobs, Kasemeyer, Klausmeier, Kramer, Middleton, Munson, and Ruben

Entitled:
Maryland Research and Development Tax Credit - Expansion and Modification

Synopsis:

Increasing the limits on the aggregate amount of income tax credits that the Department of Business and Economic Development may approve for the Maryland research and development tax credit in a calendar year; altering the method utilized by the Department to award Maryland research and development tax credits; requiring the Department to adopt regulations that include specified factors; etc.

History by Legislative Date

Senate Action
2/3
First Reading Budget and Taxation
2/15
Hearing 3/1 at 1:00 p.m.
House Action
No Action

Sponsored by:

Senator Patrick J. Hogan, District 39
Senator John C. Astle, District 30
Senator James E. DeGrange, Sr., District 32
Senator Roy P. Dyson, District 29
Senator Jennie M. Forehand, District 17
Senator Rob Garagiola, District 15
Senator John J. Hafer, District 1
Senator Nancy Jacobs, District 34
Senator Edward J. Kasemeyer, District 12
Senator Katherine Klausmeier, District 8
Senator Rona E. Kramer, District 14
Senator Thomas M. Middleton, District 28
Senator Donald F. Munson, District 2
Senator Ida G. Ruben, District 20

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
RULES AND REGULATIONS
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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