2013 Regular Session



Corporate Income Tax - Rate Reduction

Sponsored by:

Delegate Ready


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

Synopsis:Reducing the State corporate income tax rate from 8.25% to 4% of Maryland taxable income of up to $1,500,000 and to 7.25% in excess of $1,500,000 for taxable years after 2012.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Ready, Afzali, Boteler, Dwyer, Eckardt, Elliott, George, Haddaway-Riccio, Hogan, Hough, Jacobs, Kach, Kipke, Krebs, McDermott, W. Miller, Norman, Otto, Schuh, Schulz, Serafini, Smigiel, and Wood
Additional Facts:Introduced in a prior session as: HB0017 Session: 2012 2nd Special Session
Bill File Type: Regular
Effective Date(s): July 1, 2013
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Statutes:Article - Tax - General

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October 24, 2017 1:00 P.M.