HB1254

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Corporate Income Tax - Federal Repatriation Holiday

Sponsored by:

Speaker

Status:

In the Senate - Hearing 3/29 at 1:00 p.m.


Synopsis:Providing a subtraction modification under the Maryland corporate income tax for specified dividends included in federal taxable income as a result of a specified repatriation holiday enacted by federal legislation; requiring the Comptroller to provide for the administration of the Act if specified federal legislation is enacted; applying the Act to all taxable years beginning after December 31, 2015; etc.
Analysis:Fiscal and Policy Note
All Sponsors:The Speaker (By Request - Maryland Economic Development and Business Climate Commission) and Delegates Beitzel, Frick, and Walker
Additional Facts:Cross-filed with: SB0845
Introduced in a prior session as: HB0171 Session: 2014 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Ways and Means  View Committee HearingBudget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Exemptions
Federal Government
Income Tax
Statutes:Article - Tax - General
(10-307)

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March 22, 2016 2:26 P.M.