Maryland Department of Legislative Services Recommends Eliminating Biotechnology Investment Incentive Tax Credit

Maryland Department of Legislative Services Recommends Eliminating Biotechnology Investment Incentive Tax Credit

Maryland General Assembly, Department of Legislative Services

The Maryland Department of Legislative Services presented the Tax Credit Evaluation Committee with a draft report recommending the elimination of the state's biotechnology investment incentive tax credit, claiming there is no evidence that the credit is achieving the state's goal of developing the biotechnology industry and recommending other methods for encouraging industry growth.

Evaluation of the Biotechnology Investment Incentive Tax Credit

The Maryland Department of Legislative Services presented the Tax Credit Evaluation Committee with a draft report recommending the elimination of the state's biotechnology investment incentive tax credit, claiming there is no evidence that the credit is achieving the state's goal of developing the biotechnology industry and recommending other methods for encouraging industry growth.

The Maryland Department of Legislative Services presented the Tax Credit Evaluation Committee with a draft report recommending the elimination of the state's biotechnology investment incentive tax credit, claiming there is no evidence that the credit is achieving the state's goal of developing the biotechnology industry and recommending other methods for encouraging industry growth.

The Maryland Department of Legislative Services presented the Tax Credit Evaluation Committee with a draft report recommending the elimination of the state's biotechnology investment incentive tax credit, claiming there is no evidence that the credit is achieving the state's goal of developing the biotechnology industry and recommending other methods for encouraging industry growth.