Income Tax - Angel Investor Tax Credit Program
Sponsor: Delegate LiermanCommittee: Ways and MeansSubject: Taxes - IncomeStatus: Hearing 3/10 at 1:00 p.m. (as of Jun 4, 2015)
What this bill does
Official synopsis
Allowing a credit against the State income tax for 50% of an investment, not to exceed specified amounts, made in a qualified innovation business; requiring a qualified investor to meet specified requirements in order to be eligible for the credit; requiring the Department of Business and Economic Development to administer the credit; establishing the Maryland Angel Investor Tax Credit Reserve Fund as a special continuing, nonlapsing fund; applying the Act to taxable years after 2014; etc.
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Testimony (0)
MGA witness listNo witness list on file. It is scraped after hearings are scheduled; check the MGA link above.