Legislation

Title: Income Tax - Expensing of Business Property and Bonus Depreciation
Sponsored by: Delegates Morgan, Adams, Afzali, Cassilly, Fisher, S. Howard, Kipke, Krebs, McComas, Miele, Rey, Rose, Saab, Shoemaker, West, and B. Wilson
Status: In the House - Hearing 2/16 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

Limiting, with respect to property placed in service before January 1, 2016, the applicability of Maryland income tax modifications for specified deductions for the cost of business property that is treated as an expense for federal income tax purposes; limiting, with respect to property placed in service before January 1, 2016, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified business property; etc.

Committees

Original:: Ways and Means Click to view Recorded Media

Details

Introduced in a prior session as: SB0880 Session: 2015 Regular Session

Bill File Type: Regular

Effective Date(s): July 1, 2016

History

Legislation History
Chamber House Calendar Date 1/28/2016 Legislative Date 1/29/2016 Action First Reading Ways and Means Proceedings
Chamber House Calendar Date 1/29/2016 Legislative Date 1/29/2016 Action Hearing 2/16 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/28/2016	1/29/2016	First Reading Ways and Means
House	1/29/2016	1/29/2016	Hearing 2/16 at 1:00 p.m.

Documents

Date Posted	Document Name
1/29/2016	Text - First - Income Tax - Expensing of Business Property and Bonus Depreciation

File Code

Subjects

Statutes