Economic Development – Research and Development Tax Credit – Alterations
What this bill does
Establishing that the purpose of the Research and Development Tax Credit Program is to foster increased research activities and expenditures in Maryland; increasing the amount of research and development tax credits that the Department of Commerce may approve for applicants that are not small businesses to $8,500,000; requiring the Department of Commerce to reserve $3,500,000 of the total amount of research and development credits that the Department may approve in a calendar year for small businesses; 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 (7)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Rosendale, Martin | MTC | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Department Of Commerce | Oral + Written (PDF) |
| FAV | Sinfield, Lani | Maryland Department of Commerce | Oral |
| FAV | Kasemeyer, Pam | Schwartz, Metz & Wise, P.A. | 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 |