| Bill Information | |
|---|---|
| MC 921-09 | Montgomery County - Income Tax - Biotechnology Investment Credit |
| Sponsor | Delegate Feldman |
| Synopsis | FOR the purpose of authorizing Montgomery County to allow, by law, an individual to claim a credit against the county income tax for certain investments in certain qualified Maryland biotechnology companies; requiring the governing body of Montgomery County to specify the qualifications for eligibility, the conditions of certification, and the process of application for the credit and to provide for the amount of the credit; authorizing the county to limit the credit to only investments in companies located in the county; authorizing the county to cap the amount of credits issued for any taxable year; authorizing the county to make the credit refundable; authorizing the county to provide for the recapture of the credit; requiring the county to notify the Comptroller if the credit is authorized; providing for the application of this Act; and generally relating to the authority of Montgomery County to authorize a credit against the county income tax for investments in certain biotechnology companies. |
| Bill Text | Read Bill in PDF Format |
| House Bill Number | HB 832 |
| Bill History | |
| Local Action House: | 12/11/08 - Public Hearing - 7:00 p.m. 1st Floor Auditorium, Executive Office Bldg., 101 Monroe St. in Rockville |
| 12/16/08 - Assigned to the County Affairs Committee | |
| 1/22/09 - County Affairs Committee Work Session AGENDA | |
| 2/5/09 - County Affairs Committee Voting Session AGENDA FAVORABLE | |
2/6/09 - Montgomery County Delegation Voting Session AGENDA FAVORABLE Bill moves to Montgomery County Senate Delegation & House Ways & Means Committee |
|
| Local Action Senate: | 2/12/09 - Montgomery County Senate Delegation Work & Voting Session AGENDA FAVORABLE |
| House Action: | 2/11/09 - First Reading Ways & Means Committee |
| 3/17/09 - Hearing - 1:00 p.m. - Ways & Means Committee | |
| Senate Action: | |
| Action After Passage: | |
