Maryland House Bill 789 (Prior Session Legislation)

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Spectrum: Bipartisan Bill
Status: Introduced on February 13 2015 - 25% progression, died in committee
Action: 2015-03-10 - Hearing 3/10 at 1:00 p.m.
Pending: House Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

Allowing a credit against the State income tax for 50% of an investment, not to exceed specified amounts, made in a qualified innovation business; requiring a qualified investor to meet specified requirements in order to be eligible for the credit; requiring the Department of Business and Economic Development to administer the credit; establishing the Maryland Angel Investor Tax Credit Reserve Fund as a special continuing, nonlapsing fund; applying the Act to taxable years after 2014; etc.

Income Tax - Angel Investor Tax Credit Program

Del. Brooke Lierman [D]	Del. Jason Buckel [R]	Del. Eric Ebersole [D]	Sen. Antonio Hayes [D]
Del. Kevin Hornberger [R]	Del. Ric Metzgar [R]	Del. Andrew Platt [D]	Del. Haven Shoemaker [R]
Sen. Chris West [R]

Date	Chamber	Action
2015-03-10	House	Hearing 3/10 at 1:00 p.m.
2015-02-13	House	First Reading Ways and Means

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Legislation/Details/HB0789?ys=2015rs
Text	https://mgaleg.maryland.gov/2015RS/bills/hb/hb0789f.pdf
Supplement	https://mgaleg.maryland.gov/2015RS/fnotes/bil_0009/hb0789.pdf