SB0047

Find a 2014 Bill:

2014 Regular Session

 

Entitled:

Income Tax - Expensing of Business Property and Bonus Depreciation

Sponsored by:

Senator Klausmeier

Status:

In the Senate - Unfavorable Report by Budget and Taxation


Synopsis:Limiting to property placed in service before January 1, 2014, the applicability of Maryland income tax modifications for specified deductions for the cost of business property that is treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2014, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified business property; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Klausmeier, Manno, Kittleman, Astle, Mathias, Reilly, Simonaire, Stone, and Jacobs
Additional Facts:Introduced in a prior session as: SB0466 Session: 2013 Regular Session
Bill File Type: Pre-Filed
Effective Date(s): July 1, 2014
Committee(s):
Budget and Taxation   View Committee Hearing
Broad Subject(s):Taxes - Income
Narrow Subject(s):Corporations -see also- Municipal Corps; Public Corps & Inst
Equipment -see also- Motor Vehicle Equipment
Exemptions
Income Tax
Personal Property
Statutes:

How a Bill Becomes Law

Legislative Lingo

Explanation of Floor Motions and Actions


October 2, 2015 9:05 A.M.