Another key business group says it will bite the bullet for a computer services tax repeal.

The Greater Baltimore Committee will support a bill to raise the income tax for people making more than $750,000, but only if lawmakers get rid of the computer tax.

It seems this is a bitter pill for many business groups to swallow.

“In light of a downturn in the national economy and the Board of Revenue Estimates’ recent report stating that Maryland’s economic performance appears likely to be weaker than previously predicted, Maryland cannot afford to burden businesses with a broad new tax or higher earners with the second highest individual income tax in the country,” GBC CEO Don Fry wrote in testimony on the tax bills.

So what’s worse, income tax or computer services?

Senate President Thomas V. Mike Miller Jr. wants to step up state research spending for nanotechnology by supporting a bill to create a “Coordinating Nanobio-Technology Research in Maryland Program,” which would request $5 million per year in spending.

The program would be overseen by the Maryland Technology Development Council.

According to a release from Miller’s office, “nanobiology uses nanotechnology (really small machines) in the fields of physical science, molecular engineering, biology, chemistry and biotechnology and holds considerable promise of advances in pharmaceuticals and healthcare.”

This might have some promise, notwithstanding the price tag. But if you’re scared of gray goo, a doomsday scenario where runaway nanobots reproduce beyond human control (I kind of am), maybe this article will put your mind at ease. Maybe not.