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2017 Regular Session



Income Tax - Carried Interest - Additional Tax

Sponsored by:

Senator Pinsky


In the Senate - Hearing 2/28 at 1:00 p.m.

Synopsis:Imposing a tax of 19% on the Maryland taxable income, attributable to specified investment management services, of an individual or a corporation or the distributive share of a pass-through entity; providing that the tax does not apply to investment management services if at least 80% of the specified assets consists of real estate; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Pinsky, Ferguson, Kagan, Manno, Ramirez, Rosapepe, and Smith
Additional Facts:Cross-filed with: HB0915
Bill File Type: Regular
Effective Date(s): July 1, 2017
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Financial Planners
Income Tax
Investments -see also- Securities
Statutes:Article - Tax - General
(10-102.1, 10-102.2)

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November 28, 2017 1:11 P.M.