2006 Regular Session

SENATE BILL 319

CHAPTER NUMBER: 45 File Code: Taxes - Miscellaneous
Sponsored By:
Chairman, Budget and Taxation Committee (By Request - Departmental - Comptroller)
Entitled:
Comptroller - Business Trusts

Synopsis:

Altering definitions to clarify that a business trust not taxed as a corporation is subject to a specified tax imposed on pass-through entities; and applying the Act to tax years after 2005.

History by Legislative Date

Senate Action
1/26
First Reading Budget and Taxation
2/1
Hearing 2/8 at 2:00 p.m.
2/20
Favorable Report by Budget and Taxation
2/21
Favorable Report Adopted
Second Reading Passed
2/23
Third Reading Passed (47-0)
3/30
Returned Passed
House Action
2/24
First Reading Ways and Means
3/15
Hearing 3/30 at 1:00 p.m.
3/31
Favorable Report by Ways and Means
3/29
Favorable Report Adopted
Second Reading Passed
3/30
Third Reading Passed (134-0)
Action after passage in Senate and House
4/8
Became Law without Governor's signature per Maryland Constitution - Chapter 45

Sponsored by:

Budget & Tax. Comm., Chairman
Departmental
Comptroller of MD

Bill indexed under the following Subjects:

BUSINESS TRUSTS
INCOME TAX

Bill affects the following Statute:

Tax - General
( 10-102.1 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal Note (Displayed in PDF Format): Available
Amendments: None offered
Roll Call Votes (Legislative dates are shown):
Senate
February 23, 2006: Third Reading Passed (47-0)
House
March 30, 2006: Third Reading Passed (134-0)