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Legislation

Original
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Opposite
Chamber
1st
Reading
Referral
to Cmte
2nd
Reading
3rd
Reading
Review in
Original Chamber
Passed Both
Chambers
Conf. Cmte
(if necessary)
To Governor
Title
Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Sponsored by
Senators Young and Feldman
Status
In the Senate - Hearing 1/22 at 1:00 p.m.
Analysis
Fiscal and Policy Note
Synopsis
Allowing a subtraction modification under the Maryland income tax for amounts of ordinary and necessary expenses paid or incurred during the taxable year, including a reasonable allowance for salaries and certain other compensation, in carrying on a trade or business as a certain medical cannabis grower, processor, dispensary, or independent testing laboratory; applying the Act to taxable years beginning after December 31, 2019; etc.
Committee Testimony
Details
Cross-filed with: HB1210
Introduced in a prior session as: SB0009 Session: 2019 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2020
Legislation History
Chamber
Senate
Calendar Date
1/10/2020
Legislative Date
1/10/2020
Action
First Reading Budget and Taxation
Proceedings
Chamber
Senate
Calendar Date
1/10/2020
Legislative Date
1/10/2020
Action
Hearing 1/22 at 1:00 p.m.
Proceedings
Chamber Calendar Date Legislative Date Action Proceedings
Senate 1/10/2020 1/10/2020 First Reading Budget and Taxation
Text - First - Income Tax - Subtraction Modification - Expenses of Medical Cannabis Grower, Processor, Dispensary, or Independent Testing Laboratory
Senate 1/10/2020 1/10/2020 Hearing 1/22 at 1:00 p.m.
(   10-208, 10-308 )
Last Updated: 9/22/2020 2:52 PM
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