Commerce, Department Of
Maryland 2017 Regular Session
Economic Development - Job Creation Tax Credit - Alteration [SB-873]
Altering the definitions of "qualified position" and "State priority funding area" for purposes of the job creation tax credit program; requiring the Department of Commerce to certify the amount of the tax credit for which a qualified business entity is eligible; altering the calculation of the credits earned under the program; prohibiting the Department from certifying tax credits in a taxable year in excess of $4,000,000; applying the Act to job creation tax credits certified after December 31, 2017; etc.
Sponsored by: Sen. Ulysses Currie
Approved By The Governor - Chapter 489 on 05/04/2017
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Gettr Maryland 2017 Regular Session
Tax Credits - Enterprise Zones, RISE Zones, and Maryland Jobs Development Projects [HB-872]
Altering from 10 years to 5 years the length of time the designation of an enterprise zone is effective under the enterprise zone tax credit program; altering the tax credit that may be claimed under the Regional Institution Strategic Enterprise Zone program; establishing the Maryland Jobs Development Tax Credit that may be claimed against the income, franchise, and insurance premium taxes; providing for the calculation and refundability of the tax credit; applying the Act to all taxable years beginning after December 31, 2016; etc.
Sponsored by: Rep.
Hearing 3/01 At 1:00 P.m. on 03/01/2017
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Maryland 2017 Regular Session
Economic Development - County Economic Development Tax Incentives Program and One Maryland Tax Credit [SB-796]
Establishing the County Economic Development Tax Incentives Program to encourage businesses to locate and expand in specified counties of the State; providing that after a business is designated as a qualified business, the business is eligible for a specified State property tax exemption, income tax subtraction modification, and sales and use tax exemption; authorizing a county and municipal corporation to provide a specified exemption from the county and municipal corporation property tax; etc.
Sponsored by: Sen. Joan Conway
Hearing 3/07 At 1:00 P.m. on 03/07/2017
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Maryland 2017 Regular Session
Income Tax Credit - Wages Paid to Qualified Veteran Employees (Hire Our Veterans Act of 2017) [SB-807]
Allowing a credit against the State income tax for specified wages paid by specified small businesses to specified qualified veteran employees; prohibiting a small business from claiming the credit for a qualified veteran employee who is hired to replace a laid-off or striking employee; requiring the Department of Commerce, on application of a small business, to issue a tax credit certificate under specified circumstances; providing that the total amount of credit certificates issued may not exceed $500,000; etc.
Sponsored by: Sen. John Astle
Approved By The Governor - Chapter 180 on 04/18/2017
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Maryland 2017 Regular Session
Video Lottery Terminals - Small, Minority, and Women-Owned Businesses Account - Transfer of Authority [SB-498]
Transferring the authority for the administration of the Small, Minority, and Women-Owned Businesses Account from the Board of Public Works to the Department of Commerce; etc.
Sponsored by: Sen.
Approved By The Governor - Chapter 453 on 05/04/2017
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Maryland 2017 Regular Session
Maryland Nonprofit Development Center Program and Fund - Bridge Loans [SB-465]
Renaming the Maryland Not-For-Profit Development Center Program and the Maryland Not-For-Profit Development Center Program Fund to be the Maryland Nonprofit Development Center Program and the Maryland Nonprofit Development Center Program Fund; establishing the Nonprofit, Interest-Free, Micro Bridge Loan (NIMBL) Account within the Fund; authorizing the Governor to transfer specified funds by June 30, 2017, to the NIMBL Account; requiring the Department of Commerce to submit a specified report on the bridge loans by December 31, 2020; etc.
Sponsored by: Sen. Delores Kelley
Approved By The Governor - Chapter 629 on 05/25/2017
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Maryland 2017 Regular Session
Clean Water Commerce Act of 2017 [HB-417]
Authorizing funds in the Bay Restoration Fund to be used for the costs associated with the purchase of specified nutrient load reductions, not to exceed a specified amount per year in specified years; requiring the load reductions purchased under the Act to be consistent with specified accounting procedures; requiring the Department of the Environment on or before October 1, 2020, to report to specified committees of the General Assembly on the implementation of the Act; etc.
Sponsored by: Rep. Meagan Simonaire
Approved By The Governor - Chapter 366 on 05/04/2017
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Maryland 2017 Regular Session
More Jobs for Marylanders Act of 2017 [HB-394]
Establishing the More Jobs for Marylanders Program within the Department of Commerce to provide specified manufacturing business entities tax credits and benefits for up to 10 consecutive benefit years; establishing the Workforce Development Sequence Scholarship for specified students enrolled in a public community college in the State; establishing the More Jobs for Marylanders Tax Credit Reserve Fund; authorizing specified manufacturing businesses to claim a refund for the sales and use tax imposed under specified circumstances; etc.
Sponsored by: Rep. Tony McConkey
First Reading Senate Rules on 04/10/2017
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Maryland 2017 Regular Session
Income Tax Credit - Wages Paid to Qualified Veteran Employees (Hire Our Veterans Act of 2017) [HB-349]
Allowing a credit against the State income tax for specified wages paid by small businesses to qualified veteran employees; prohibiting a small business from claiming the credit for a qualified veteran employee who is hired to replace a laid-off or striking employee; requiring the Department of Commerce, on application of a small business, to issue a tax credit certificate under specified circumstances; providing that the total amount of credit certificates issued may not exceed $500,000; etc.
Sponsored by: Rep. Sheila Hixson
Approved By The Governor - Chapter 181 on 04/18/2017
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Maryland 2017 Regular Session
One Maryland Economic Development Tax Credits - Business Incubators, Enterprise Zones, and Regional Institution Strategic Enterprise Zones [SB-364]
Altering specified eligibility criteria for specified credits under the One Maryland Economic Development Tax Credit to include specified persons who establish or expand in specified areas a business facility that, for business incubators, creates at least 25 qualified positions at the facility under specified circumstances; authorizing specified business incubators to claim a refund of specified project tax credits or start-up tax credits; applying the Act retroactively to all taxable years beginning after December 31, 2015; etc.
Sponsored by: Sen. Thomas Middleton
Hearing 4/05 At 1:00 P.m. on 04/05/2017
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Maryland 2017 Regular Session
Clean Water Commerce Act of 2017 [SB-314]
Authorizing funds in the Bay Restoration Fund to be used for the costs associated with the purchase of specified nutrient load reductions, not to exceed a specified amount per year in specified years; requiring the load reductions purchased under the Act to be consistent with specified accounting procedures; requiring the Department of the Environment on or before October 1, 2020, to report to specified committees of the General Assembly on the implementation of the Act; etc.
Sponsored by: Sen. Thomas Middleton
Approved By The Governor - Chapter 367 on 05/04/2017
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Maryland 2017 Regular Session
More Jobs for Marylanders Act of 2017 [SB-317]
Requiring the Governor to appropriate at least $1,000,000 each fiscal year for the Partnership for Workforce Quality Program; establishing the More Jobs for Marylanders Program in the Department of Commerce to provide manufacturing business entities tax credits and benefits for up to 10 consecutive benefit years; requiring the Division of Workforce Development and Adult Learning to partner with specified State departments to identify opportunities to create apprenticeship programs; allowing a tax credit for employing an apprentice; etc.
Sponsored by: Sen. James Rosapepe
Approved By The Governor - Chapter 149 on 04/11/2017
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Maryland 2017 Regular Session
Department of Commerce - Maryland Advisory Commission on Manufacturing Competitiveness - Renaming and Restructuring [HB-245]
Renaming the Maryland Advisory Commission on Manufacturing Competitiveness in the Department of Commerce to be the Maryland Manufacturing Advisory Board; and altering the composition of the Board.
Sponsored by: Rep.
Approved By The Governor - Chapter 259 on 04/18/2017
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Maryland 2017 Regular Session
Department of Commerce - Maryland Economic Development Assistance Authority and Fund - Renaming and Restructuring [HB-161]
Renaming the Maryland Economic Development Assistance Authority and the Maryland Economic Development Assistance Fund to be the Advantage Maryland Fund Authority and the Advantage Maryland Fund; repealing from the scope of the Authority and the Fund grants to local economic development funds; repealing from the scope of the Authority and the Fund loans to child care facilities to improve child care services; altering the scope of financial assistance provided under the Fund; establishing a specified reporting requirement; etc.
Sponsored by: Rep.
Hearing 2/08 At 1:00 P.m. on 02/08/2017
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Maryland 2017 Regular Session
Budget Reconciliation and Financing Act of 2017 [HB-152]
Authorizing or altering the distribution of specified revenue; altering or repealing specified required appropriations; authorizing the use of specified funds for specified purposes; requiring the Department of Budget and Management to review specified interagency agreements; requiring the Department of Commerce to report specified information relating to the compliance of specified companies with a specified letter of intent; requiring a specified financial forecast to maximize the use of specified funds; etc.
Sponsored by: Rep. The Speaker
Enacted Under Article Ii, Section 17(b) Of The Maryland Constitution - Chapter 23 on 04/06/2017
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Maryland 2017 Regular Session
Video Lottery Terminals - Small, Minority, and Women-Owned Businesses Account - Transfer of Authority [HB-92]
Transferring the authority for the administration of the Small, Minority, and Women-Owned Businesses Account from the Board of Public Works to the Department of Commerce; etc.
Sponsored by: Rep.
Hearing 3/21 At 1:00 P.m. on 03/21/2017