Legislation - SB0123

Requiring affiliated retail trade and food services corporations with multiple locations to compute Maryland taxable income using a 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, certain groups of retail trade and food services corporations to file income tax returns reflecting the aggregate income tax liability of all members of the group; etc.

Committees

Original:: Budget and Taxation

Details

Bill File Type: Pre-Filed

Effective Date(s): July 1, 2021

History

Legislation History
Chamber Senate Calendar Date 8/14/2020 Legislative Date 8/14/2020 Action Pre-filed Proceedings
Chamber Senate Calendar Date 1/13/2021 Legislative Date 1/13/2021 Action First Reading Budget and Taxation Proceedings
Chamber Senate Calendar Date 12/22/2020 Legislative Date 12/22/2020 Action Hearing 1/21 at 11:00 a.m. Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Small Business Fairness Act Proceedings

Chamber	Calendar Date	Legislative Date	Action
Senate	8/14/2020	8/14/2020	Pre-filed
Senate	1/13/2021	1/13/2021	First Reading Budget and Taxation
Senate	12/22/2020	12/22/2020	Hearing 1/21 at 11:00 a.m.
			Text - First - Small Business Fairness Act

File Code

Subjects

Statutes