MD SB203 | 2013 | Regular Session
Status
April 8 2013 - Rereferred to Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]
Summary
Defining "small business" as it relates to a refund in connection with a credit against the State income tax for research and development expenses incurred by an individual or corporation; altering to $4,000,000 the maximum amount of research and development credits that the Department of Business and Economic Development may approve in a calendar year; providing that specified unused credits may be claimed as a refund; and applying the Act to Maryland research and development tax credits certified after December 15, 2012.
Title
Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund
Sponsors
| Sen King | Sen Brinkley | Sen Colburn | Sen Currie |
| Sen Garagiola | Sen Klausmeier | Sen Madaleno | Sen Manno |
| Sen McFadden | Sen Peters | Sen Pugh | Sen Robey |
| Sen Young |
Roll Calls
2013-04-02 - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]
History
| Date | Chamber | Action |
|---|---|---|
| 2013-04-08 | House | Rereferred to Ways and Means |
| 2013-04-08 | House | First Reading House Rules and Executive Nominations |
| 2013-04-08 | Senate | Third Reading Passed (47-0) |
| 2013-04-05 | Senate | Second Reading Passed with Amendments |
| 2013-04-05 | Senate | Favorable with Amendments {559134/1 Report Adopted |
| 2013-04-05 | Senate | Favorable with Amendments Report by Budget and Taxation |
| 2013-02-20 | Senate | Hearing 2/20 at 1:00 p.m. |
| 2013-01-31 | Senate | Hearing cancelled |
| 2013-02-13 | Senate | Hearing 2/13 at 1:00 p.m. |
| 2013-01-18 | Senate | First Reading Budget and Taxation |
Subjects
Business and Economic Development, Department of
Income Tax
Industry and Technology
Small Business
Tax Credits
Taxes - Income
Income Tax
Industry and Technology
Small Business
Tax Credits
Taxes - Income
