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]
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.
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]
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
Date | Chamber | Action |
---|---|---|
2021-04-13 | Senate | Approved by the Governor - Chapter 112 |
2021-04-08 | Senate | Passed Enrolled |
2021-04-08 | Senate | Third Reading Passed (44-0) |
2021-04-08 | Senate | Senate Concurs House Amendments |
2021-04-06 | House | Third Reading Passed (97-38) |
2021-04-05 | House | Second Reading Passed with Amendments |
2021-04-05 | House | Favorable with Amendments {875366/1 Adopted |
2021-04-05 | House | Favorable with Amendments Report by Ways and Means |
2021-03-01 | House | Hearing 3/25 at 1:30 p.m. |
2021-02-18 | House | Referred Ways and Means |
2021-02-16 | Senate | Third Reading Passed (46-0) |
2021-02-10 | Senate | Second Reading Passed with Amendments |
2021-02-10 | Senate | Favorable with Amendments {699830/1 Adopted |
2021-02-10 | Senate | Favorable with Amendments Report by Budget and Taxation |
2021-01-11 | Senate | Hearing 1/27 at 1:00 p.m. |
2021-01-13 | Senate | First Reading Budget and Taxation |
2020-10-22 | Senate | Pre-filed |
Subjects
Economic and Community Development
Industry and Technology
Investments
Revenue and Taxes
Tax Credits
Taxes - Income
Industry and Technology
Investments
Revenue and Taxes
Tax Credits
Taxes - Income
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Tax - General | 10 | 725 | (n/a) | See Bill Text |