MD SB203 | 2013 | Regular Session

Status

Spectrum: Moderate Partisan Bill (Democrat 11-2)
Status: Engrossed on April 8 2013 - 50% progression, died in committee
Action: 2013-04-08 - Rereferred to Ways and Means
Pending: House Ways and Means Committee
Text: Latest bill text (Engrossed) [PDF]

Summary

Defining "small business" as it relates to a refund in connection with a credit against the State income tax for research and development expenses incurred by an individual or corporation; altering to $4,000,000 the maximum amount of research and development credits that the Department of Business and Economic Development may approve in a calendar year; providing that specified unused credits may be claimed as a refund; and applying the Act to Maryland research and development tax credits certified after December 15, 2012.

Tracking Information

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Title

Income Tax Credit - Qualified Research and Development Expenses - Credit Amounts and Small Business Refund

Sponsors


Roll Calls

2013-04-02 - Senate - Senate Floor - Third Reading Passed (47-0) (Y: 47 N: 0 NV: 0 Abs: 0) [PASS]

History

DateChamberAction
2013-04-08HouseRereferred to Ways and Means
2013-04-08HouseFirst Reading House Rules and Executive Nominations
2013-04-08SenateThird Reading Passed (47-0)
2013-04-05SenateSecond Reading Passed with Amendments
2013-04-05SenateFavorable with Amendments {559134/1 Report Adopted
2013-04-05SenateFavorable with Amendments Report by Budget and Taxation
2013-02-20SenateHearing 2/20 at 1:00 p.m.
2013-01-31SenateHearing cancelled
2013-02-13SenateHearing 2/13 at 1:00 p.m.
2013-01-18SenateFirst Reading Budget and Taxation

Subjects


Maryland State Sources


Bill Comments

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