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HB587: Biotechnology Investment Tax Credit-Qualified Maryland Biotechnology Company

 

This Act provides that, for fiscal years 2012 and 2013 only, a biotechnology company that has been in active business for up to 15 years can qualify as a biotechnology company and be eligible to receive investments for which the Biotechnology Investment Tax Credits can be awarded. Currently, a qualifying biotechnology company may not have been in active business for more than 10 years (or 12 years if the Department of Business and Economic Development determines that the company requires additional time to complete the process of regulatory approval).

Effective Date: This Act will take effect June 1, 2011, and shall be applicable to initial tax credit certificates issued for fiscal years beginning on or after July 1, 2011.



 
Links for 2011
Tax Law and Regulations
State Regulations
Legislative Summaries
  SB145
  SB891
  HB499
  HB587
  HB601
  SB398
  HB632
  HB72
  HB39
  SB513
  SB672
  HB823
  HB1196
  SB830
  SB494
  SB248
  SB958
  SB346
  SB959
  HB163
 
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