HB0157

2013 Regular Session

 

Entitled:

Income Tax - Expensing of Business Property and Bonus Depreciation

Sponsored by:

Delegate Bates

Status:

In the House - Hearing 2/19 at 1:00 p.m.


Synopsis:Limiting to property placed in service before January 1, 2013, the applicability of Maryland income tax modifications for specified deductions for the cost of business property that is treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2013, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified business property; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Bates, Afzali, Cardin, Dwyer, Frank, George, Guzzone, Haddaway-Riccio, Hogan, McComas, McDermott, McDonough, McMillan, Ready, Smigiel, Sophocleus, Stocksdale, Vitale, and Wood
Additional Facts:Cross-filed with: SB0466
Introduced in a prior session as: HB0581 Session: 2012 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2013
Committee(s):
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Equipment -see also- Motor Vehicle Equipment
Exemptions
Income Tax
Personal Property
Statutes:Article - Tax - General
(10-210.1, 10-310)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:09 A.M.