Maryland HB898 reorganizes economic development programs, renames the Economic Development Opportunities Program Account to the Strategic Closing.
Maryland HB898 reorganizes and renames the Economic Development Opportunities Program Account to the Strategic Closing Fund within the Department of Commerce. The bill alters the purposes for which the fund can be utilized, including maximizing extraordinary economic development opportunities. It modifies eligibility and calculation methods for several tax credits, such as the Research and Development Tax Credit and the Biotechnology Investment Tax Credit.
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- Core Provisions
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- Legal Framework
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