SB0037

Find a 2018 Bill:

2018 Regular Session

 

Entitled:

Income Tax – Subtraction Modification – Expenses of Medical Cannabis Grower, Processor, or Dispensary

Sponsored by:

Senator Young

Status:

In the Senate - Hearing 1/24 at 2:15 p.m.


Synopsis:Allowing a subtraction modification under the Maryland income tax for certain expenses paid or incurred during the taxable year in carrying on a trade or business as a certain medical cannabis grower, processor, or dispensary; and applying the Act to taxable years beginning after December 31, 2017.
Analysis:Fiscal and Policy Note
All Sponsors:Senator Young
Additional Facts:Cross-filed with: HB0845
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2018
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Cannabis -see also- Smoking
Exemptions
Income Tax
Statutes:Article - Tax - General
(10-208, 10-308)

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


February 2, 2018 5:45 A.M.