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2018 Regular Session



Income Tax - Corporate Returns - Disclosure of Settlement Payments to Governmental Units

Sponsored by:

Delegate Lafferty


In the House - Hearing 2/14 at 1:00 p.m.

Synopsis:Requiring certain corporations to attach to the Maryland income tax return a certain statement identifying certain settlement payments to governmental units under certain circumstances; requiring that certain statements be treated as confidential taxpayer information; requiring the Comptroller to collect and compile certain information and to submit, on or before March 1 each year, a certain annual report to the Governor and the General Assembly; and applying the Act to taxable years beginning after December 31, 2018.
Analysis:Fiscal and Policy Note
All Sponsors:Delegate Lafferty
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2018
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Administrative Agencies -see also- Electronic Government
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Statutes:Article - Tax - General
(10-804, 10-804.2)

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February 15, 2018 12:21 P.M.