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; requiring, subject to regulations adopted by the Comptroller, certain groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; requiring the Comptroller to adopt certain regulations; etc.
Committees
- Original:
- Ways and Means
Details
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2022
(
10-311, 10-402.1, 10-811
)
Last Updated: 1/11/2021 4:51 PM