Legislation

Altering the tax imposed on certain pass-through entities; requiring each pass-through entity to pay the tax imposed with respect to certain shares of certain nonresident and nonresident entity members of the pass-through entity; authorizing a pass-through entity to elect to pay the tax imposed with respect to certain shares of all resident members of the pass-through entity; providing for the calculation of the tax; prohibiting the tax required to be paid for any taxable year from exceeding a certain amount; etc.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Bill File Type: Regular

Effective Date(s): July 1, 2020

History

Legislation History
Chamber Senate Calendar Date 1/30/2020 Legislative Date 1/30/2020 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Income Tax - Pass-Through Entities - Imposition of Tax Proceedings
Chamber Senate Calendar Date 1/30/2020 Legislative Date 1/30/2020 Action Hearing 2/12 at 2:00 p.m. Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/10/2020 Legislative Date 2/10/2020 Action Hearing 2/12 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2020 Legislative Date 3/16/2020 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/16/2020 Legislative Date 3/11/2020 Action Favorable with Amendments {769735/1 Adopted Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/16/2020 Legislative Date 3/11/2020 Action Second Reading Passed with Amendments Proceedings 50 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Income Tax – Pass–Through Entities and Corporations Proceedings
Chamber Senate Calendar Date 3/16/2020 Legislative Date 3/12/2020 Action Third Reading Passed (46-0) Proceedings 51 Click to view Recorded Media
Chamber House Calendar Date 3/17/2020 Legislative Date 3/14/2020 Action Referred Ways and Means Proceedings 51 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/18/2020 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Favorable with Amendments {895861/1 Adopted Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Second Reading Passed with Amendments Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Motion Rules Suspend Two Readings Same Day (Delegate Luedtke) Adopted (130-3) Proceedings 52 Click to view Recorded Media
Chamber House Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (133-0) Proceedings 52 Click to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Senate Concurs House Amendments Proceedings 53CClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Third Reading Passed (44-0) Proceedings 53CClick to view Recorded Media
Chamber Senate Calendar Date 3/18/2020 Legislative Date 3/15/2020 Action Passed Enrolled Proceedings
Chamber Calendar Date Legislative Date Action Text - Enrolled - Income Tax – Pass–Through Entities and Corporations Proceedings
Chamber Post Passage Calendar Date 5/08/2020 Legislative Date 5/08/2020 Action Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 641 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Income Tax – Pass–Through Entities and Corporations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/30/2020	1/30/2020	First Reading Budget and Taxation
			Text - First - Income Tax - Pass-Through Entities - Imposition of Tax
Senate	1/30/2020	1/30/2020	Hearing 2/12 at 2:00 p.m.
Senate	2/10/2020	2/10/2020	Hearing canceled
Senate	2/10/2020	2/10/2020	Hearing 2/12 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/16/2020	3/16/2020	Favorable with Amendments Report by Budget and Taxation
Senate	3/16/2020	3/11/2020	Favorable with Amendments {769735/1 Adopted	50 Click to view Recorded Media
Senate	3/16/2020	3/11/2020	Second Reading Passed with Amendments	50 Click to view Recorded Media
			Text - Third - Income Tax – Pass–Through Entities and Corporations
Senate	3/16/2020	3/12/2020	Third Reading Passed (46-0)	51 Click to view Recorded Media
House	3/17/2020	3/14/2020	Referred Ways and Means	51 Click to view Recorded Media
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/18/2020	3/18/2020	Favorable with Amendments Report by Ways and Means
House	3/18/2020	3/15/2020	Favorable with Amendments {895861/1 Adopted	52 Click to view Recorded Media
House	3/18/2020	3/15/2020	Second Reading Passed with Amendments	52 Click to view Recorded Media
House	3/18/2020	3/15/2020	Motion Rules Suspend Two Readings Same Day (Delegate Luedtke) Adopted (130-3)	52 Click to view Recorded Media
House	3/18/2020	3/15/2020	Third Reading Passed (133-0)	52 Click to view Recorded Media
Senate	3/18/2020	3/15/2020	Senate Concurs House Amendments	53CClick to view Recorded Media
Senate	3/18/2020	3/15/2020	Third Reading Passed (44-0)	53CClick to view Recorded Media
Senate	3/18/2020	3/15/2020	Passed Enrolled
			Text - Enrolled - Income Tax – Pass–Through Entities and Corporations
Post Passage	5/08/2020	5/08/2020	Enacted under Article II, Section 17(c) of the Maryland Constitution - Chapter 641
			Text - Chapter - Income Tax – Pass–Through Entities and Corporations

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