MD HB744 | 2024 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-01-31 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-01-31 - Hearing 2/15 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a qualified investor that is a pass-through entity that pays a certain income tax on behalf of its members to receive and allocate in any manner a credit or refund of a credit under the Biotechnology Investment Incentive Tax Credit Program; applying the Act to all taxable years beginning after December 31, 2023; etc.
Title
Income Tax - Biotechnology Investment Incentive Tax Credit Program - Pass-Through Entities
Sponsors
| Del. Mark Chang [D] |
History
| Date | Chamber | Action |
|---|---|---|
| 2024-01-31 | House | Hearing 2/15 at 1:00 p.m. |
| 2024-01-31 | House | First Reading Ways and Means |
Same As/Similar To
SB702 (Crossfiled) 2024-01-30 - Hearing 2/14 at 1:00 p.m.
Subjects
Code Citations
| Chapter | Article | Section | Citation Type | Statute Text |
|---|---|---|---|---|
| Tax - General | 10 | 725 | (n/a) | See Bill Text |
Maryland State Sources
| Type | Source |
|---|---|
| Summary | https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0744?ys=2024RS |
| Text | https://mgaleg.maryland.gov/2024RS/bills/hb/hb0744f.pdf |
