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SB 247

Maryland - Session 2026

Senate passed_upper 2026-03-20
Bill Details

Title: Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program

Summary

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.

Sponsor
Senator Beidle
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Actions Timeline
Date Event Detail
0000-00-00 Status passed_upper
2026-01-16 Introduced Bill introduced
2026-03-20 Latest Action In the House - Hearing 3/24 at 1:00 p.m.
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