Bill number does not exist. Enter a vaild keyword.

Legislation


2004 Regular Session

HOUSE BILL 399

File Code: Taxes - Income
Sponsored By:
Delegates Hixson, Bozman, C. Davis, Gordon, Healey, Howard, Marriott, and Patterson
Entitled:
Income Tax - Expensing of Section 179 Property - Decoupling from Federal Changes

Synopsis:

Providing for modifications to federal adjusted gross income of an individual or federal taxable income of a corporation for Maryland income tax purposes to reflect the determination of the maximum aggregate costs that a taxpayer may treat as an expense under Section 179 of the Internal Revenue Code for any taxable year without regard to the changes made to that section by the federal Jobs and Growth Tax Relief Reconciliation Act of 2003; and applying the Act to tax years after 2002.

History by Legislative Date

House Action
1/29
First Reading Ways and Means
2/11
Hearing 2/25 at 1:00 p.m.
Senate Action
No Action
Sponsored by:
Delegate Sheila E. Hixson, District 20
Delegate K. Bennett Bozman, District 38B
Delegate Clarence Davis, District 45
Delegate Michael R. Gordon, District 17
Delegate Anne Healey, District 22
Delegate Carolyn J. B. Howard, District 24
Delegate Salima Siler Marriott, District 40
Delegate Obie Patterson, District 26
Bill indexed under the following Subjects:
COMMERCE AND BUSINESS -see also- DEALERS; TRADERS; etc
EXEMPTIONS
FEDERAL GOVERNMENT
INCOME TAX
Bill affects the following Statutes:
Tax - General
( 10-108 , 10-210.1 , 10-310 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)
Amendments: None offered
Click to return on the top page