Committee Approves Bill to Enhance R&D Tax Credit

The Senate Budget and Taxation Committee this week unanimously approved legislation to increase the total amount of Research and Development Tax Credits that may be awarded annually from $8 million to $10 million.  

The Maryland Chamber supports the bill. Maryland is a national leader in research and development, and we must ensure that our R&D tax credits remains competitive with other states. This bill is a small step that would signal continued support for economic growth and high tech job creation in Maryland. 

For more information, contact Mathew Palmer at mpalmer@mdchamber.org

Legislative Issues Tag: Taxes

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