MD HB477 | 2016 | Regular Session

Maryland House Bill 477 (Prior Session Legislation)

Status

Sponsorship: Partisan Bill (Democrat 1)
Status: Introduced on February 1 2016 - 25% progression, died in chamber
Action: 2016-04-11 - Favorable with Amendments Report by Ways and Means
Text: Latest bill text (Introduced) [PDF]

Summary

Increasing the maximum total amount of research and development tax credits that the Department of Economic Competitiveness and Commerce may approve; and applying the Act to all Maryland research and development tax credits certified after December 15, 2015.

Title

Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts

History

Date	Chamber	Action
2016-04-11	House	Favorable with Amendments Report by Ways and Means
2016-02-16	House	Hearing 2/16 at 1:00 p.m.
2016-02-01	House	First Reading Ways and Means

Subjects

Commerce, Department of
Corporations
Income Tax
Industry and Technology
Tax Credits
Taxes - Income

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0477?ys=2016rs
Text	https://mgaleg.maryland.gov/2016RS/bills/hb/hb0477f.pdf
Supplement	https://mgaleg.maryland.gov/2016RS/fnotes/bil_0007/hb0477.pdf
Supplement	https://mgaleg.maryland.gov/2016RS/votes_comm/hb0477_w&m.pdf