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2014 Regular Session



Income Tax - Depreciation Modification - First-Year Depreciation

Sponsored by:

Delegate Barve


In the House - Unfavorable Report by Ways and Means; Withdrawn

Synopsis:Altering the calculation of a Maryland income tax modification for depreciation of property to provide an additional allowance equal to 100% of the adjusted basis of the property for the taxable year the property is placed in service; and applying the Act to taxable years beginning on or after December 31, 2013.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Barve, Branch, and A. Miller
Additional Facts:Bill File Type: Regular
Effective Date(s): July 1, 2014
Ways and Means
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Equipment -see also- Motor Vehicle Equipment
Income Tax

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October 24, 2017 1:52 P.M.