1996 Regular Session

HOUSE BILL 345

File Code: Taxes - Income
Sponsored By:
Delegate Dembrow
Entitled:
Income Tax - Gain on Relocation of Professional Sports Franchise to Maryland

Synopsis:

Providing an additional modification under the Maryland individual and corporation income tax for an increase in the fair market value of a professional sports franchise directly or indirectly attributable to the relocation of the franchise to Maryland from another state; providing a subtraction modification for gain recognized on the sale or exchange of a professional sports franchise to the extent the addition modification has been previously required; applying the Act to taxable years after 1995; etc.

Legislative History

House Action
1/25
First Reading Ways and Means
2/7
Hearing 2/21 at 11:00 a.m.
Senate Action
No Action
Bill indexed under the following Subjects:
FRANCHISES
INCOME TAX
SPORTS -see also- RECREATION
Bill affects the following Statutes:
Tax - General
( 10-204 , 10-204 , 10-207 , 10-207 , 10-305 , 10-307 )

Documents:

Bill Text:
First Reading (PDF), Third Reading, Enrolled
Fiscal Note: Available (PDF)

Amendments: None available