Maryland House Bill 1450 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on February 9 2018 - 25% progression, died in committee
Action: 2018-03-07 - Hearing 3/07 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Increasing from $12 million to $14 million the total amount of research and development tax credits that the Department of Commerce may approve in a calendar year; requiring the Department to make available 25% of the total amount of credits that the Department may approve in a calendar year to small businesses; providing for the use of certain unused credits; altering the definition of "small business"; applying the Act to all Maryland research and development credits certified after December 15, 2017; etc.

Income Tax - Research and Development Tax Credit - Alterations

Del. Anne Kaiser [D]

Del. Darryl Barnes [D]

2018-01-10 - House - House Floor - Sustained (0-140) (Y: 1 N: 141 NV: 1 Abs: 6) [FAIL]

Date	Chamber	Action
2018-03-07	House	Hearing 3/07 at 1:00 p.m.
2018-02-09	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB1450?ys=2018rs
Text	https://mgaleg.maryland.gov/2018RS/bills/hb/hb1450f.pdf
Roll Call	https://mgaleg.maryland.gov/2018RS/votes/House/0004.pdf
Supplement	https://mgaleg.maryland.gov/2018RS/fnotes/bil_0000/hb1450.pdf