- Corporate Income Tax - Combined Reporting
- Sponsored by
- Delegates Lehman, Acevero, B. Barnes, Boyce, Carr, Charkoudian, Ebersole, Feldmark, Healey, Ivey, Kerr, Korman, R. Lewis, Moon, Mosby, Palakovich Carr, Pena-Melnyk, Pendergrass, Shetty, Smith, Solomon, Stewart, Terrasa, Valderrama, and K. Young
- In the House - Hearing 2/12 at 1:00 p.m.
- Fiscal and Policy Note
Requiring affiliated corporations to compute Maryland taxable income using a certain combined reporting method; requiring the Comptroller to report by March 1 of each year an estimate of the total additional tax revenue from corporations to be collected in the next fiscal year as a result of the combined reporting method; requiring the Comptroller to distribute certain revenue from corporations to The Blueprint for Maryland's Future Fund; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2020
Last Updated: 2/14/2020 8:26 AM