Passed BothConf. Cmte
- Income Tax - Biotechnology Investment Incentive Tax Credit - Alteration
- Sponsored by
- Senator King
- In the Senate - Hearing 3/13 at 1:00 p.m.
- Fiscal and Policy Note
Altering the definition of "qualified Maryland biotechnology company" to repeal certain limitations on the period of time for which a company may have been in active business for purposes of eligibility for the biotechnology tax credit; declaring the intent of the General Assembly that the credit will encourage private sector investment in Maryland biotechnology companies; altering a certain limitation on the aggregate credits that the Secretary of Commerce may certify for certain investments; applying the Act; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2018
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Last Updated: 2/3/2020 2:36 PM