MD SB180 | 2011 | Regular Session

Maryland Senate Bill 180 (Prior Session Legislation)

Status

Spectrum: Bipartisan Bill
Status: Introduced on January 24 2011 - 25% progression, died in committee
Action: 2011-02-02 - Hearing 2/16 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]

Summary

Establishing an Invest Maryland Program to allow specified companies to purchase credits against the insurance premium tax in order to fund investments in qualified businesses in the State; providing for administration of the credit by the Department of Business and Economic Development; providing for the creation of the Maryland Venture Capital Authority in the Department; requiring the Authority to obtain the services of an independent third party to conduct a bidding process to allocate insurance premium tax credits; etc.

Title

Business and Economic Development - Invest Maryland Program

History

Date	Chamber	Action
2011-02-02		Hearing 2/16 at 1:00 p.m.
2011-01-24		First Reading Budget and Taxation

Subjects

Administrative Agencies
Auditors and Audits
Business and Economic Development, Department of
Business Trusts
Commerce and Business
Corporations
Fees
Industry and Technology
Insurance
Investments
Limited Liability Companies
Notices
Partnerships
Penalties and Sentences
Reports
Revenue and Taxes
Rules and Regulations
Small Business
Tax Credits

Maryland State Sources

Type	Source
Summary	https://mgaleg.maryland.gov/mgawebsite/Search/Legislation?target=/2011rs/billfile/SB0180.htm
Text	http://mlis.state.md.us/2011rs/bills/sb/sb0180f.pdf