Maryland House Bill 400: Biotechnology Investment Incentive Tax Credit - Conversion to Grant Program

Maryland · 2026 Regular Session

What it 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.

Latest action

Hearing 2/12 at 1:00 p.m. (2026-01-22)

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