SB0247

Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program

Converting the Biotechnology Investment Incentive Tax Credit to be the Biotechnology Investment Incentive Grant Program in the Department of Commerce; requiring the Department to disburse a grant within 90 days of determining that the investment has been made; allowing a subtraction modification under the Maryland income tax for certain grants received during the taxable year; establishing a Biotechnology Investment Incentive Grant Program Fund; authorizing the Governor to include $10,000,000 in the annual budget bill for the Fund; etc.

1 bill selected

Basic Information

Status
Na
Session
2026 Regular Session
Type
Unknown
Cross-filed
HB0400

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Upcoming Events

Hearing
February 03, 2026 at 14:00
📍 Budget and Taxation
Hearing - Budget and Taxation Committee

Sponsors

Guzzone
Beidle
Lewis Young
Rosapepe
Zucker
Hettleman
McCray
King
Augustine