2020 Legislative Session Recap Senate Bill 397 – Sales and Use Tax and Personal Property Tax – Exemptions – Data Centers (Chapter 640) Exempts from the state sales and use tax the sale of qualified personal property for use at a qualified data center if, within three years after submitting an application for the exemption, an individual or corporation has (1) invested at least $2 million in qualified data center personal property and created at least five qualified positions for a data center located within a Tier I area or (2) invested at least $5 million in qualified data center personal property and created at least five qualified positions for a data center in any other area of the state. Also authorizes local governments to reduce or eliminate the percentage of the assessment of any data center personal property used in a qualified data center. Effective July 1, 2020, and applies to taxable years beginning after June 30, 2020.
Senate Bill 583/House Bill 521 – Maryland Small Business Innovation Research Technical Assistance Program – Establishment (Chapter 231) Establishes the Maryland Small Business Innovation Research Technical Assistance Program to be administered by TEDCO, the Maryland Technology Development Corp. The program provides technical assistance to eligible small businesses to encourage and facilitate the receipt of grants under the federal SBIR and STTR programs. For the purposes of the program, a small business must have its principal business operations and over half of its workforce in the state and have no more than 50 employees. TEDCO may procure a nonprofit organization located in the state to provide services under the program. Effective October 1, 2020.
For the first time since the Civil War, Maryland lawmakers cut short their annual session on Wednesday, March 18, nearly three weeks early, in response to COVID-19.
Boards & Commissions
2
Maryland Economic Development Commission
Maryland Small Business Development Financing Authority
Commerce Subcabinet
Maryland State Arts Council
Advisory Council on the Impact of Regulations on Small Businesses
MIDFA/MEDAAF Authority
E-Nnovation Initiative Fund Authority
Life Sciences Advisory Board
Maryland Manufacturing Advisory Board
Public Art Commission
Maryland Marketing Partnership
Tourism Development Board
Maryland Military Installation Council
