Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program
What this bill does
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 a certain time period; allowing a subtraction modification under the Maryland income tax for certain grants received during the taxable year; establishing the Biotechnology Investment Incentive Grant Program Fund; requiring the Governor to include an appropriation of $10,000,000 in the annual budget bill for the Fund; 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 (8)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Hemingway, Deborah | Ecphora Capital | Oral |
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Schulz, Kelly | Maryland Tech Council | Oral |
| FAV | Zirkle, Andrewlobbyist | Maryland Tech Council | Oral |
| FAV | Coale, Tomlobbyist | PWRJ | Oral |
| FAV | Delegate Chang, Delegate Changlegislator | Individual | Oral |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| INFO | Lierman, Brooke | Comptroller of Maryland | Written (PDF) |