2011 Regular Session


File Code: Economic and Community Development Crossfiled with: HOUSE BILL 173
Sponsored By:
The President (By Request - Administration) and Senators Peters, Colburn, Currie, DeGrange, Garagiola, Manno, McFadden, Pugh, Raskin, Robey, and Zirkin
Business and Economic Development - Invest Maryland Program


Establishing an Invest Maryland Program to allow specified companies to purchase credits against the insurance premium tax in order to fund investments in qualified businesses in the State; providing for administration of the credit by the Department of Business and Economic Development; providing for the creation of the Maryland Venture Capital Authority in the Department; requiring the Authority to obtain the services of an independent third party to conduct a bidding process to allocate insurance premium tax credits; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
Senate Action
First Reading Budget and Taxation
Hearing 2/16 at 1:00 p.m.
House Action
No Action

Sponsored by:

President, The
Senator Richard F. Colburn, District 37
Senator Ulysses Currie, District 25
Senator James E. DeGrange, Sr., District 32
Senator Rob Garagiola, District 15
Senator Roger P. Manno, District 19
Senator Nathaniel J. McFadden, District 45
Senator Douglas J. J. Peters, District 23
Senator Catherine E. Pugh, District 40
Senator Jamie Raskin, District 20
Senator James N. Robey, District 13
Senator Bobby A. Zirkin, District 11

Bill indexed under the following Subjects:

Administrative Agencies -see also- Electronic Government
Auditors and Audits
Business and Economic Development, Department of
Business Trusts
Commerce and Business -see also- Dealers; Elec. Comm.; etc
Corporations -see also- Municipal Corps; Public Corps & Inst
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates.
Industry and Technology
Insurance -see also- Health Ins; MAIF; Motor Vehicle Ins
Investments -see also- Securities
Limited Liability Companies
Penalties and Sentences -see also- Death Penalty
Revenue and Taxes -see also- Dev Fees & Taxes; specific tax.
Rules and Regulations
Small Business
Tax Credits -see also- Circuit Breaker

Bill affects the following Statutes:

Economic Development
( 6-501 , 6-502 , 6-503 , 6-504 , 6-505 , 6-506 , 6-507 , 6-508 , 6-509 , 6-510 , 6-511 , 6-512 , 6-513 , 6-514 , 6-515 , 6-516 , 6-517 , 6-518 , 6-519 , 6-520 , 6-521 , 6-522 , 6-523 , 6-524 , 6-525 , 6-526 , 6-527 , 6-528 , 6-529 )
( 6-122 )


All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered