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Legislation


2009 Regular Session

HOUSE BILL 669

File Code: Taxes - Income
Sponsored By:
Delegates Bates, Boteler, Dwyer, Eckardt, George, Holmes, Kipke, McComas, McDonough, Miller, Myers, Shewell, Sophocleus, Sossi, and Wood
Entitled:
Maryland Economic Stimulus Act - Expensing of Business Property and Bonus Depreciation

Synopsis:

Limiting to property placed in service before January 1, 2009, the applicability of Maryland income tax modifications for specified deductions for the cost of specified property treated as an expense for federal income tax purposes; limiting to property placed in service before January 1, 2009, the applicability of Maryland income tax modifications for a specified additional depreciation allowance under the federal income tax for specified property; and applying the Act to tax years ending after December 31, 2008.

History by Legislative and Calendar Date

Legislative date is used to record history occurring in the Chambers otherwise Calendar date is used.
House Action
2/9
First Reading Ways and Means
2/11
Hearing 3/5 at 1:00 p.m.
Senate Action
No Action

Sponsored by:

Delegate Gail H. Bates, District 9A
Delegate Joseph C. Boteler, III, District 8
Delegate Don H. Dwyer, Jr., District 31
Delegate Adelaide C. Eckardt, District 37B
Delegate Ron George, District 30
Delegate Marvin E. Holmes, Jr., District 23B
Delegate Nicholaus R. Kipke, District 31
Delegate Susan K. McComas, District 35B
Delegate Pat McDonough, District 7
Delegate Warren E. Miller, District 9A
Delegate LeRoy E. Myers, Jr., District 1C
Delegate Tanya T. Shewell, District 5A
Delegate Theodore Sophocleus, District 32
Delegate Richard A. Sossi, District 36
Delegate John F. Wood, Jr., District 29A

Bill indexed under the following Subjects:

Corporations -see also- Municipal Corps; Public Corps & Inst
Equipment -see also- Motor Vehicle Equipment
Exemptions
Income Tax
Personal Property

Bill affects the following Statutes:

Tax - General
( 10-210.1 , 10-310 )

Documents:

Bill Text (Displayed in PDF Format): First Reading, Third Reading, Enrolled
Fiscal and Policy Note (Displayed in PDF Format): Available
Amendments: None offered
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