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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Corporate Income Tax - Combined Reporting
Sponsored by
Delegates Lehman, Hill, Palakovich Carr, Pena-Melnyk, Ruth, Solomon, and Terrasa
Status
In the House - Hearing 2/02 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; authorizing certain corporations, subject to regulations adopted by the Comptroller, to determine certain income using the water's edge method; providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain combined group's deferred tax assets or liabilities that are the result of certain provisions of the Act; etc.
Committee Testimony
Details
Introduced in a prior session as: HB0457 Session: 2022 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2024
Legislation History
Chamber
House
Calendar Date
8/05/2022
Legislative Date
8/05/2022
Action
Pre-filed
Proceedings
Chamber
House
Calendar Date
1/11/2023
Legislative Date
1/11/2023
Action
First Reading Ways and Means
Proceedings
Chamber
Calendar Date
Legislative Date
Action
Text - First - Corporate Income Tax - Combined Reporting
Proceedings
Chamber
House
Calendar Date
1/16/2023
Legislative Date
1/16/2023
Action
Hearing 2/02 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
House 8/05/2022 8/05/2022 Pre-filed
House 1/11/2023 1/11/2023 First Reading Ways and Means
Text - First - Corporate Income Tax - Combined Reporting
House 1/16/2023 1/16/2023 Hearing 2/02 at 1:00 p.m.
(   10-311, 10-402.1, 10-811 )
Last Updated: 6/9/2023 2:20 PM
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