UMES Pharmacy and Health Professions Building Progress

In Session – Economic Development

Opportunity Zone Tax Deduction Reform Act of 2021

SB0113 (HB0262)
Sponsored by: Senator Rosapepe

Synopsis

Requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland adjusted gross income; requiring certain taxpayers to add a certain deduction for gains from sales or exchanges of qualified opportunity zone property back to federal adjusted gross income to determine Maryland modified income; and applying the Act to taxable years beginning after December 31, 2020.


Department of Small Business, Entrepreneurship, and Innovation – Established

HB0062
Sponsored by: Delegate J. Lewis

Synopsis

Establishing the Department of Small Business, Entrepreneurship, and Innovation to assist units of State government in identifying and evaluating qualified minority business enterprises to help achieve the objective for greater use of minority business enterprises; establishing the Department in the Executive Branch; transferring authority over from the Maryland Small Business Development Financing Authority; transferring the responsibilities of the Governor’s Office of Small, Minority, and Women Business affairs to the Department; etc.

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In Session – Healthcare

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