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Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program

Engrossed on 2/17/26

Summary

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From the Legislature

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.

Sponsors

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9
0
Democratic CaucusRepublican Caucus

Roll Call Votes

Third Reading Passed

42 Yea

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0 Nay

2 Not Voting

DD

3 Absent

DRD

Calendar

Feb 3

2:00 PM

Senate Budget and Taxation Hearing

Mar 24

1:00 PM

House Ways and Means Hearing