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2007 Regular Session bill information current as of October 3, 2007 - 11:19 p.m.
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HOUSE BILL 46

File Code: Taxes - Income
Prior Year Introduction As: HB 984/06 - W&M
Crossfiled with: SENATE BILL 232

Sponsored By:
Delegates N. King, Barkley, Bronrott, G. Clagett, Dumais, Feldman, Gilchrist, Hixson, Kaiser, Kramer, Manno, and Rice

Entitled:
Income Tax - Research and Development Tax Credits - Modifications

Synopsis:

Increasing the aggregate amount of income tax credits for Maryland qualified research and development expenses that may be approved by the Department of Business and Economic Development each year from $6,000,000 to $12,000,000; and applying the Act to taxable years after 2006.

History by Legislative and Calendar Date Explain Legislative Date and Calendar Date

House Action
1/19
First Reading Ways and Means
2/14
Hearing 3/15 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Nancy J. King, District 39
Delegate Charles Barkley, District 39
Delegate William A. Bronrott, District 16
Delegate Galen R. Clagett, District 3A
Delegate Kathleen M. Dumais, District 15
Delegate Brian J. Feldman, District 15
Delegate Jim Gilchrist, District 17
Delegate Sheila E. Hixson, District 20
Delegate Anne R. Kaiser, District 14
Delegate Benjamin F. Kramer, District 19
Delegate Roger Manno, District 19
Delegate Craig L. Rice, District 15

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 and Policy Note (Displayed in PDF Format): Available

Amendments: None offered


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