- Income Tax - Expensing of Business Property and Bonus Depreciation - Recoupling With Federal Law
- Sponsored by
- Delegates Morgan, Anderton, Aumann, Buckel, Cassilly, Clark, Folden, Ghrist, S. Howard, Impallaria, Malone, McComas, Metzgar, W. Miller, Otto, Parrott, Reilly, Rey, Saab, West, and Wivell
- In the House - Hearing 3/01 at 1:00 p.m.
- Fiscal and Policy Note
Repealing Maryland income tax modifications for specified deductions for the cost of business property that is treated as an expense for federal income tax purposes; repealing Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified business property; and applying the Act to all taxable years beginning after December 31, 2016.
Bill File Type: Regular
Effective Date(s): July 1, 2017
( 10-210.1, 10-310 )
Last Updated: 2/3/2020 2:31 PM