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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 142

File Code: Economic and Community Development
Prior Year Introduction As: HB 321/06 - W&M

Sponsored By:
Delegates Morhaim, Anderson, Cardin, and Feldman

Entitled:
Business and Economic Development - Biotechnology Investment Incentive Act

Synopsis:

Imposing eligibility restrictions for the State income tax credit allowed for investments in qualified biotechnology companies; altering limits on the amount of credits that may be claimed by specified persons; repealing a provision making the credit refundable under specified circumstances; imposing limits on the amount of credits the Secretary of Business and Economic Development may certify for investments in a single business; repealing provisions providing for the recapture of the credit under specified circumstances; etc.

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

House Action
1/25
First Reading Ways and Means
2/19
Withdrawn
Senate Action
No Action

Sponsored by:

Delegate Dan K. Morhaim, District 11
Delegate Curt Anderson, District 43
Delegate Jon S. Cardin, District 11
Delegate Brian J. Feldman, District 15

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
Investments -see also- Securities
Rules and Regulations
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Tax - General
( 10-725 , 10-725 , 10-725 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Not available at this time

Amendments: None offered


Top Sponsors Title Synopsis History Sponsor List Subjects Statutes Documents Another Session Another Bill