HB0850

2013 Regular Session

 

Entitled:

Corporate Income Tax - Investments in Maryland

Sponsored by:

Delegate Fisher

Status:

In the House - Hearing 3/12 at 1:00 p.m.


Synopsis:Reducing the Maryland corporate income tax rate from 8.25% to 6% for a corporation that makes specified qualifying investments in the State; requiring the corporation to submit a specified calculation and a specified declaration to the Comptroller; requiring the corporation to provide evidence of the qualifying investments; authorizing the Comptroller to collect a specified amount from a corporation that does not provide the evidence; applying the Act to taxable years beginning after December 31, 2012; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Fisher, Afzali, Boteler, Eckardt, George, Haddaway-Riccio, Hogan, Hough, Jacobs, Kach, Krebs, McComas, W. Miller, Norman, Otto, Ready, Schuh, and Serafini
Additional Facts:Introduced in a prior session as: HB1116 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):Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Income Tax
Investments -see also- Securities
Rules and Regulations
Statutes:Article - Tax - General
(10-105, 10-105.1)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 24, 2017 1:03 P.M.