MD SB196 | 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 114
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 114
Text: Latest bill text (Chaptered) [PDF]
Summary
Establishing that the purpose of the Research and Development Tax Credit Program is to foster increased research activities and expenditures in Maryland; increasing the amount of research and development tax credits that the Department of Commerce may approve for applicants that are not small businesses to $8,500,000; requiring the Department of Commerce to reserve $3,500,000 of the total amount of research and development credits that the Department may approve in a calendar year for small businesses; etc.
Title
Economic Development – Research and Development Tax Credit – Alterations
Sponsors
Roll Calls
2021-04-08 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 2 Abs: 0) [PASS]
2021-04-06 - House - Third Reading Passed (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
2021-03-19 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
2021-04-06 - House - Third Reading Passed (Y: 135 N: 0 NV: 1 Abs: 5) [PASS]
2021-03-19 - Senate - Third Reading Passed (Y: 45 N: 0 NV: 0 Abs: 2) [PASS]
History
Date | Chamber | Action |
---|---|---|
2021-04-13 | Senate | Approved by the Governor - Chapter 114 |
2021-04-08 | Senate | Passed Enrolled |
2021-04-08 | Senate | Third Reading Passed (45-0) |
2021-04-08 | Senate | Senate Concurs House Amendments |
2021-04-06 | House | Third Reading Passed (135-0) |
2021-04-05 | House | Second Reading Passed with Amendments |
2021-04-05 | House | Favorable with Amendments {465762/1 Adopted |
2021-04-05 | House | Favorable with Amendments Report by Ways and Means |
2021-03-22 | House | Hearing 4/01 at 1:30 p.m. |
2021-03-20 | House | Referred Ways and Means |
2021-03-19 | Senate | Third Reading Passed (45-0) |
2021-03-19 | Senate | Second Reading Passed |
2021-03-19 | Senate | Favorable Adopted |
2021-03-19 | Senate | Favorable 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
Appropriations
Commerce and Business
Commerce, Department of
Economic and Community Development
Small Business
Sunset
Tax Credits
Taxes - Income
Time
Weights and Measures
Commerce and Business
Commerce, Department of
Economic and Community Development
Small Business
Sunset
Tax Credits
Taxes - Income
Time
Weights and Measures
Code Citations
Chapter | Article | Section | Citation Type | Statute Text |
---|---|---|---|---|
Chapter of the Acts | 2000 | (n/a) | See Bill Text | |
Chapter of the Acts | 2005 | (n/a) | See Bill Text | |
Chapter of the Acts | 2010 | (n/a) | See Bill Text | |
Chapter of the Acts | 2019 | (n/a) | See Bill Text | |
Tax - General | 10 | 721 | (n/a) | See Bill Text |