Montgomery County Delegation
Legislation - Bill History
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: