MD SB19 | 2021 | Regular Session

Status

Completed Legislative Action
Spectrum: Committee Bill
Status: Passed on April 13 2021 - 100% progression
Action: 2021-04-13 - Approved by the Governor - Chapter 112
Text: Latest bill text (Chaptered) [PDF]

Summary

Altering eligibility for the Biotechnology Investment Incentive Tax Credit Program by altering the definitions of "qualified investor" and "qualified Maryland biotechnology company"; providing that the purpose of the program is to foster the growth of Maryland's biotechnology industry; prohibiting the Department of Commerce from issuing any tax credits to certain companies after June 30, 2028; requiring the Department, in consultation with certain experts, to conduct certain studies and report to the General Assembly by December 1, 2021; etc.

Tracking Information

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Title

Economic Development - Biotechnology Investment Incentive Tax Credit Program - Alterations and Study

Sponsors


Roll Calls

2021-04-08 - Senate - Third Reading Passed (Y: 44 N: 0 NV: 3 Abs: 0) [PASS]
2021-04-06 - House - Third Reading Passed (Y: 97 N: 38 NV: 1 Abs: 5) [PASS]
2021-02-16 - Senate - Third Reading Passed (Y: 46 N: 0 NV: 0 Abs: 1) [PASS]

History

DateChamberAction
2021-04-13SenateApproved by the Governor - Chapter 112
2021-04-08SenatePassed Enrolled
2021-04-08SenateThird Reading Passed (44-0)
2021-04-08SenateSenate Concurs House Amendments
2021-04-06HouseThird Reading Passed (97-38)
2021-04-05HouseSecond Reading Passed with Amendments
2021-04-05HouseFavorable with Amendments {875366/1 Adopted
2021-04-05HouseFavorable with Amendments Report by Ways and Means
2021-03-01HouseHearing 3/25 at 1:30 p.m.
2021-02-18HouseReferred Ways and Means
2021-02-16SenateThird Reading Passed (46-0)
2021-02-10SenateSecond Reading Passed with Amendments
2021-02-10SenateFavorable with Amendments {699830/1 Adopted
2021-02-10SenateFavorable with Amendments Report by Budget and Taxation
2021-01-11SenateHearing 1/27 at 1:00 p.m.
2021-01-13SenateFirst Reading Budget and Taxation
2020-10-22SenatePre-filed

Subjects


Code Citations

ChapterArticleSectionCitation TypeStatute Text
Tax - General10725(n/a)See Bill Text

Maryland State Sources


Bill Comments

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