Economic Development - Biotechnology Investment Incentive Tax Credit Program - Alterations and Study
What this bill does
Altering eligibility for the Biotechnology Investment Incentive Tax Credit Program by altering the definitions of 'qualified investor' and 'qualified Maryland biotechnology company'; providing that the purpose of the program is to foster the growth of Maryland's biotechnology industry; prohibiting the Department of Commerce from issuing any tax credits to certain companies after June 30, 2028; requiring the Department, in consultation with certain experts, to conduct certain studies and report to the General Assembly by December 1, 2021; etc.
Analysis reads the bill text, the fiscal note, and the witness list. It is generated by Claude and reviewed by nobody, so check the source documents before you rely on it.
Testimony (16)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Costello, Judy | BioHealth Innovation, Inc. | Position only |
| FAV | Marczyk, Bernard | Cornerstone Government Affairs | Written (PDF) |
| FAV | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| FAV | Fry, Donald | Greater Baltimore Committee | Written (PDF) |
| FAV | Rosendale, Martin | MTC | Oral + Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Oral + Written (PDF) |
| FAV | Gramm, Heather | Maryland Department of Commerce | Oral |
| FAV | Sinfield, Lani | Maryland Department of Commerce | Oral |
| FAV | Kasemeyer, Pam | Schwartz, Metz & Wise, P.A. | Written (PDF) |
| FAV | Wahler, Megan | bwtech@UMBC | Written (PDF) |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Oral |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Position only |
| FAV | Chair, Budget and Taxation Committee, Chair, Budget and Taxation Committee | Individual | Position only |
| UNF | Bogley, Laura | Maryland Right to Life | Written (PDF) |
| FWA | Cohen, Jonathan | 20/20 GeneSystems, Inc. | Oral + Written (PDF) |