SB0432

Find a 2016 Bill:

2016 Regular Session

 

Entitled:

Business Relief and Tax Fairness Act of 2016

Sponsored by:

Senator Pinsky

Status:

In the Senate - Hearing 3/11 at 1:00 p.m.


Synopsis:Prohibiting the State Department of Assessments and Taxation from imposing a fee for the filing of specified documents by corporations or business entities with 10 or fewer employees; requiring specified corporations to compute Maryland taxable income using a specified combined reporting method; requiring, subject to specified regulations, specified groups of corporations to file a combined income tax return reflecting the aggregate income tax liability of all the members of the group; etc.
Analysis:Fiscal and Policy Note
All Sponsors:Senators Pinsky, Benson, Conway, Currie, Gladden, Kelley, Lee, Madaleno, Manno, Nathan-Pulliam, Ramirez, Raskin, and Rosapepe
Additional Facts:Cross-filed with: HB0812
Introduced in a prior session as: SB0179 Session: 2015 Regular Session
Bill File Type: Regular
Effective Date(s): July 1, 2016
Committee(s):
Budget and Taxation  View Committee Hearing
Broad Subject(s):Taxes - Income
Corporations and Associations
Narrow Subject(s):Assessments and Taxation, Department of
Comptroller
Corporations -see also- Municipal Corps; Public Corps & Inst
Fees -see also- Attys' Fees; Devt Fees & Taxes; Reimb Rates
Income Tax
Reports
Rules and Regulations
Small Business
Statutes:Article - Corporations and Associations
(1-203)
Article - Tax - General
(10-811, 10-402.1, 10-402.2)

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October 24, 2017 5:09 P.M.