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Legislation


2012 Special Session 2

SENATE BILL 11

File Code: Taxes - Income Crossfiled with: HOUSE BILL 17
Sponsored By:
Senators Pipkin and Kittleman
Entitled:
Corporate Income Tax - Rate Reduction

Synopsis:

Reducing the State corporate income tax rate from 8.25% to 4% of Maryland taxable income of up to $1,500,000 and 7.25% in excess of $1,500,000 for taxable years after 2012.

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.
Senate Action
8/9
First Reading Senate Rules
House Action
No Action

Sponsored by:

Senator E. J. Pipkin, District 36
Senator Allan H. Kittleman, District 9

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax

Bill affects the following Statute:

Tax - General
( 10-105 )

Documents

All documents except Roll Call Votes are displayed in PDF format:
Bill Text: First Reading, Third Reading, Enrolled
Fiscal and Policy Note: Not available at this time
Amendments: None offered
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