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Legislation


2012 Regular Session

HOUSE BILL 1116

File Code: Taxes - Income Crossfiled with: SENATE BILL 519
Sponsored By:
Delegates Fisher, Glass, Myers, and Serafini
Entitled:
Corporate Income Tax - Investments in Maryland

Synopsis:

Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2011; etc.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used. For explanation of terms click here.
House Action
2/10
First Reading Ways and Means
2/15
Hearing 3/9 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Mark N. Fisher, District 27B
Delegate Glen Glass, District 34A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Andrew A. Serafini, District 2A

Bill indexed under the following Subjects:

Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Investments -see also- Securities
Rules and Regulations

Bill affects the following Statutes:

Tax - General
( 10-105 , 10-105.1 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Available
Amendments: None offered