- Income Tax - Subtraction Modification - Employee-Owned Businesses
- Sponsored by
- Delegates Luedtke, Hornberger, Afzali, Ali, Arentz, Aumann, Barkley, D. Barnes, Brooks, Buckel, Carey, Ciliberti, Clippinger, Ebersole, Fennell, Haynes, Healey, Hixson, C. Howard, Impallaria, Jackson, Jameson, Lafferty, Lam, Lisanti, Long, Mautz, McConkey, Moon, Morhaim, Patterson, Queen, Robinson, Rose, Sanchez, Shoemaker, Simonaire, Sophocleus, Stein, Tarlau, Turner, Valderrama, Wilkins, and K. Young
- In the House - Hearing 2/28 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, 2017; etc.
Bill File Type: Regular
Effective Date(s): July 1, 2018
( 10-207, 10-307 )
Last Updated: 2/3/2020 2:31 PM