MD HB789 | 2015 | Regular Session
Status
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]
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]
Summary
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.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
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] |
History
Date | Chamber | Action |
---|---|---|
2015-03-10 | House | Hearing 3/10 at 1:00 p.m. |
2015-02-13 | House | First Reading Ways and Means |
Subjects
Appeals
Appropriations
Assessments
Business and Economic Development, Department of
Commerce and Business
Comptroller
Copyright
Corporations
Economic and Community Development
Estates and Trusts
Income Tax
Industry and Technology
Investments
Licenses
Limited Liability Companies
Minorities
Notices
Partnerships
Reports
Revenue and Taxes
Rules and Regulations
Small Business
Tax Credits
Taxes - Income
Trade Secrets
Veterans
Women
Appropriations
Assessments
Business and Economic Development, Department of
Commerce and Business
Comptroller
Copyright
Corporations
Economic and Community Development
Estates and Trusts
Income Tax
Industry and Technology
Investments
Licenses
Limited Liability Companies
Minorities
Notices
Partnerships
Reports
Revenue and Taxes
Rules and Regulations
Small Business
Tax Credits
Taxes - Income
Trade Secrets
Veterans
Women