MD SB622 | 2016 | Regular Session
Status
Spectrum: Partisan Bill (Democrat 8-0)
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on February 5 2016 - 25% progression, died in committee
Action: 2016-03-09 - Hearing 3/09 at 1:00 p.m.
Pending: Senate Budget and Taxation Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Allowing a credit against the State income tax for 50% of an investment, not to exceed $50,000 or $100,000 for a qualified investor that is a married couple filing jointly or a pass-through entity, 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 Economic Competitiveness and Commerce to administer the credit; applying the Act to specified taxable years after December 31, 2015; etc.
Title
Income Tax - Angel Investor Tax Credit Program
Sponsors
Sen. Catherine Pugh [D] | Sen. Joan Conway [D] | Sen. Ulysses Currie [D] | Sen. Brian Feldman [D] |
Sen. Roger Manno [D] | Sen. Anthony Muse [D] | Sen. Douglas Peters [D] | Sen. Jim Rosapepe [D] |
History
Date | Chamber | Action |
---|---|---|
2016-03-09 | Senate | Hearing 3/09 at 1:00 p.m. |
2016-02-05 | Senate | First Reading Budget and Taxation |
Subjects
Agriculture
Aircraft
Alternative Energy Sources
Appeals
Appropriations
Assessments
Budgets
Business Trusts
Commerce and Business
Commerce, Department of
Copyright
Corporations
Economic and Community Development
Evidence
Health
Income Tax
Industry and Technology
Investments
Limited Liability Companies
Natural Resources
Notices
Partnerships
Reports
Revenue and Taxes
Rules and Regulations
Securities
Small Business
Sunset
Tax Credits
Taxes - Income
Telecommunications and Information Technology
Transportation
Work, Labor and Employment
Aircraft
Alternative Energy Sources
Appeals
Appropriations
Assessments
Budgets
Business Trusts
Commerce and Business
Commerce, Department of
Copyright
Corporations
Economic and Community Development
Evidence
Health
Income Tax
Industry and Technology
Investments
Limited Liability Companies
Natural Resources
Notices
Partnerships
Reports
Revenue and Taxes
Rules and Regulations
Securities
Small Business
Sunset
Tax Credits
Taxes - Income
Telecommunications and Information Technology
Transportation
Work, Labor and Employment