- Income Tax - Subtraction Modification - Employee-Owned Businesses
- Sponsored by
- Delegates Luedtke, Hornberger, Brooks, Buckel, Cardin, Chang, Fennell, Hettleman, Hill, Ivey, Kelly, Krebs, R. Lewis, Patterson, Pendergrass, Stewart, and K. Young
- In the House - Hearing 2/06 at 1:00 p.m.
- Fiscal and Policy Note
Allowing a subtraction modification under the State income tax for income from a qualified transfer of stock or membership interest of a Maryland corporation or limited liability company to certain employee ownership entities; limiting the amount of the subtraction if the transfer is to a direct share ownership plan; applying the Act to taxable years beginning after December 31, 2018; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2019
( 10-207, 10-307 )
Last Updated: 2/3/2020 2:29 PM