Legislation

Title: Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Sponsored by: Senators Guzzone, King, Peters, and Zucker
Status: In the House - Unfavorable Report by Ways and Means
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Providing a subtraction modification under the Maryland corporate income tax for certain changes to a certain corporation's deferred tax assets or liabilities that are the result of Chapters 341 and 342 of the Acts of the General Assembly of 2018; providing for the calculation of the amount of the subtraction modification; providing that the subtraction modification may be claimed only for 10 consecutive taxable years beginning with the first taxable year that begins after December 31, 2028; etc.

Committees

Original:: Budget and Taxation

Opposite:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): July 1, 2019

History

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	2/04/2019	2/04/2019	First Reading Budget and Taxation
			Text - First - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Senate	2/06/2019	2/06/2019	Hearing 2/26 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation
Senate	3/06/2019	3/06/2019	Favorable with Amendments Report by Budget and Taxation
Senate	3/07/2019	3/07/2019	Favorable with Amendments {869837/1 Adopted	41
Senate	3/07/2019	3/07/2019	Second Reading Passed with Amendments	41
			Text - Third - Corporate Income Tax - Single Sales Factor Apportionment - Deferred Tax Relief
Senate	3/11/2019	3/11/2019	Third Reading Passed (43-3)	43
House	3/12/2019	3/09/2019	Referred Ways and Means	44
House	3/18/2019	3/18/2019	Hearing 3/27 at 1:00 p.m.
			Vote - House - Committee - Ways and Means
House	3/28/2019	3/28/2019	Unfavorable Report by Ways and Means

File Code

Subjects

Statutes