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Maryland Senate OKs $6M for Biotech Tax Credit Program in FY'10 Budget Bill

Maryland's state Senate voted as expected to retain the full $6 million proposed by Gov. Martin O'Malley for the state's Biotechnology Investment Tax Credit program, as part of the $13.8 billion operating budget approved for the fiscal year starting July 1.

The funding fate of the biotech tax credits will rest with a conference committee of state senators and members of the House of Delegates, which voted last week to cut funding for the program to $4 million.

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