HOUSE BILL 140
Income Tax – Credit for Cellulosic Ethanol Technology Research and
Development
Sponsored by: Delegates Ross, Barnes, Howard, Hubbard, and Kaiser, Elmore, Hixson, Doory, Bartlett, Barve, Cardin, Frick, George, Gilchrist, Ivey, Jennings, Krebs, Serafini, Murphy, Olszewski, Rice, Stukes, F. Turner, and Walker.
Introduced and read first time: January 18, 2008
Assigned to: Ways and Means
Status: ** Passed and signed by the Governor on April 24, 2008
Synopsis:
Allowing a credit against the Maryland income tax for specified cellulosic ethanol technology research and development expenses paid or incurred by an individual or corporation; providing for applications to the Department of Business and Economic Development for approval of the credit and certification by the Department to taxpayers of approved credit amounts; limiting the total amount of credits that the Department may approve for any calendar year to $250,000; etc.
- Applications made to DBED
- R&D that occurs in State
- Claim 10% of R&D expenses
- Total Credits can not exceed $3,000,000 for any calendar year
- Can carry the credit forward up to 15 years
- Credit certificates can not be awarded after 12/31/08
SENATE BILL 342
Procurement – Flexible–Fuel Vehicles – Alternative Fuel Requirements
Sponsored by: Senator Garagiola
Introduced and read first time: January 28, 2008
Assigned to: Education, Health, and Environmental Affairs
Status: Unfavorable Report by Education Health and Environmental Affairs on 3/26, no further action.
Synopsis:
Requiring the State to ensure that specified percentages of the State's fleet of flexible-fuel vehicles are fueled exclusively by a specified alternative fuel by specified years.
- Amends an existing statute
- 25% of State’s flex fuel vehicles exclusively fueled with E85 by 2010
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