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 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.
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 (15)
MGA witness list| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | meyerhoff, joseph | Affordable Housing Alliance of Maryland | Oral |
| FAV | Hemingway, Deborah | Ecphora Capital | Oral |
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Allen, Hannahlobbyist | Maryland Chamber of Commerce | Written (PDF) |
| FAV | Kilbane, Matthew | Maryland Veterans Chamber of Commerce | Position only |
| FAV | Sayles, Laurie-Anne | Montgomery County Council | Written (PDF) |
| FAV | Coale, Tomlobbyist | PWRJ | Oral |
| FAV | Bagwell, Ashlielobbyist | Individual | Written (PDF) |
| FAV | Beidle, Pamela | Individual | Written (PDF) |
| FAV | Beidle, Pamela | Individual | Written (PDF) |
| FAV | Senator Beidle, Senator Beidlelegislator | Individual | Oral |
| FAV | Senator Beidle, Senator Beidlelegislator | Individual | Oral |
| FAV | Vetter, Drew | Individual | Written (PDF) |
| INFO | Comptroller of Maryland, Brooke Lierman | Individual | Written (PDF) |
| INFO | Harris, Mrs. | Individual | Position only |