Senate Bill 138, the “Build Maryland Tax Credit Act,” authorizes at least $4 million a year in tax credits. The bill was introduced Jan. 16 by Sen. Roger Manno, D-Montgomery, and Sen. James Mathias Jr., D-Somerset.
The tax credit legislation comes at the same time that Gov. Martin O’Malley wants to launch a new $3.5 million tax credit for cyber security companies, and increase tax credits for biotech firms, research and development and Maryland’s television and film industry.
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3 comments:
Sounds like jobs for people with Visas from other countries....
If it didnt take 3 years to get all the enviromental permits it would be great.
This may be okay if there weren't so many vacant commerical properties already built. What jobs would be created besides some temporary construction jobs?
Quick temporary fixes aren't good enough.
How about the tax credit or incentives for someone who takes the risk to start a new business? It could be called something like The Create Jobs for MD Act.
I think before any of this is going to be successful though the people who make business prosper have to have confidence in the economy. So how about let's start getting serious about MD debt? Work on getting what is known as consumer confidence back up. Until that is accomplished everything else is nil.
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